HEINEKEN and Coca-Cola Hellenic to increase stake in FYROM joint venture Pivara Skopje
(Thomson Reuters ONE) -
Amsterdam - 10 November 2011 - HEINEKEN N.V. announced today that it has reached
agreement to acquire, together with Coca-Cola Hellenic, 41.2% of the shares in
Pivara Skopje, their joint venture beverage company in the Former Yugoslav
Republic of Macedonia (FYROM). The shares are currently owned by various
minority shareholders. The total consideration for the transaction is ?79.1
million, to be equally divided between HEINEKEN and Coca-Cola Hellenic.
The transaction is subject to approval by the FYROM competition authorities and
is expected to be completed by early 2012. Following the closing of the
transaction, HEINEKEN and Coca-Cola Hellenic will together own 96.5% of the
shares in Pivara Skopje. The remaining 3.5% of the shares is largely owned by
former and current employees of the company.
HEINEKEN and Coca-Cola Hellenic are fully committed to the future development of
Pivara Skopje and will continue to work closely together with local distributors
and customers to grow the business and local beverage market.
Pivara Skopje is the leading beverage company in the country - producing,
marketing and distributing various beer and soft drink brands, most notably
Skopsko and Coca-Cola. HEINEKEN and Coca-Cola Hellenic acquired their initial
55.3% stake in the company in 1998.
Press enquiries
John-Paul Schuirink
Financial Communications Manager
Tel. +31 20 5239 355
E-mail: john-paul.schuirink(at)heineken.com
Investor and analyst enquiries
George Toulantas
Director of Investor Relations
Tel. +31 20 5239 590
E-mail: investors(at)heineken.com
Editorial information:
HEINEKEN is one of the world's great brewers and is committed to growth and
remaining independent. The brand that bears the founder's family name - Heineken
- is available in almost every country on the globe and is the world's most
valuable international premium beer brand. The Company's aim is to be a leading
brewer in each of the markets in which it operates and to have the world's most
valuable brand portfolio. The Company is present in over 70 countries and
operates 140 breweries with volume of 205 million hectolitres of beer sold on a
pro-forma basis. HEINEKEN is Europe's largest brewer and the world's third
largest by volume. The Company is committed to the responsible marketing and
consumption of its more than 200 international premium, regional, local and
specialty beers and ciders. These include Heineken, Amstel, Birra Moretti,
Cruzcampo, Dos Equis, Foster's, Kingfisher, Newcastle Brown Ale, Ochota, Primus,
Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec.
On a 2010 pro-forma basis, including FEMSA Cerveza, revenue totalled ?17 billion
and EBIT (beia) was ?2.7 billion. The average number of people employed is more
than 70,000. HEINEKEN N.V. and HEINEKEN Holding N.V. shares are listed on the
Amsterdam stock exchange. Prices for the ordinary shares may be accessed on
Bloomberg under the symbols HEIA NA and HEIO NA and on the Reuter Equities 2000
Service under HEIN.AS and HEIO.AS. Most recent information is available on
HEINEKEN's website: www.theHEINEKENcompany.com
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Source: HEINEKEN NV via Thomson Reuters ONE
[HUG#1562508]
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 86291
Anzahl Zeichen: 4089
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"HEINEKEN and Coca-Cola Hellenic to increase stake in FYROM joint venture Pivara Skopje"
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