Heineken acquires additional brewery capacity in Nigeria Amsterdam, 12 January 2011 – Heineken N.V. today announced that it has strengthened its platform for growth in Nigeria via the acquisition of two holding companies from the Sona Group. The two acquired businesses have controlling interests in each of the Sona, IBBI, Benue, Life and Champion breweries […] [...more]
AMSTERDAM/BRUSSELS - Heineken NV will buy the beer business of Mexico's FEMSA in a $5.7 billion deal that boosts the Dutch brewer's emerging-markets presence and cements an alliance with one of Latin America's biggest drinks firms.
Heineken, the world's third-largest brewer, said on Monday the all-stock purchase would make FEMSA its second largest shareholder -- with a 20 percent stake -- and give it access to the boardroom.
The deal is competitively priced and broadens Heineken's access to higher-growth markets, analysts said. The company's shares rose 3 percent, sending shares sharply higher.
FEMSA shares slid 12.5 percent on disappointment over the deal price after brewer SABMiller pulled out of the auction. SAB was not interested in FEMSA's Brazil operations, sources told Reuters.
FEMSA, which started as a brewer and ice maker in 1890, is the world's second-biggest Coca-Cola bottler, and sells the soft drink in nine Latin American countries. Its chief, Jose Antonio Fernandez, is a Formula 1 enthusiast who doubles as a racing commentator on the ESPN cable television network. [...more]
Looking to grab some Latin American market access, Dutch brewer Heineken NV said Monday it will buy the beer-making operations of Mexico's Femsa in an all-share deal that values the maker of Dos Equis, Tecate and Sol beers at $5.5 billion, excluding debt.
So what does this mean for A-B InBev, which owns a 50% stake in Mexican brewer Grupo Modelo, maker of Corona?
A-B InBev and Grupo currently are caught in a $2.5 billion arbitration case, with Grupo claiming it wasn't asked to give its blessing to the blockbuster deal that created A-B InBev. A decision in the arbitration case is expected soon. [...more]
Heineken said Monday that it would buy the beer operations of Femsa, one of the biggest brewers in Mexico, in an all-share transaction that values the business at $7.6 billion. The move further consolidates the beer industry into a few global players. The move will make Heineken a “more competitive player in Latin America, one […] [...more]
New Zealand's top two tennis players, Dan King-Turner and Rubin Statham, are expecting few surprises from the other side of the net when the Heineken Open begins in Auckland tomorrow.
The two wildcards have avoided the big guns in the first round of the ATP Tour event and will instead face each other.
Statham will also have New Zealand opposition in his opening doubles match, after he and brother Oliver were drawn to meet compatriot Marcus Daniell and Romania's Horia Tecau in another clash between wildcards.
King-Turner said getting Statham in the singles was unexpected and "pretty funny".
It also meant they wouldn't have to spend a lot of their prematch preparation working out their adversary's strength and weaknesses.
"I'm going to focus on what I'm doing and I'm sure he's going to focus on what he's doing [...more]
UK Drinks Wholesale Group – Waverley TBS has appointed Jonathan Townsend as its new Managing Director. Townsend joined Waverley last summer as Commercial Director and has over 20 years experience in the drinks industry including a spell as MD at Scottish & Newcastle subsidiary John Smith’s. He takes over from Gordon Johncox, who left in […] [...more]
Amsterdam, 23 December 2009 – Heineken N.V. today announced that it has acquired the remaining syndicated bank debt of the Globe Group (Globe) in the United Kingdom at a discount to the GBP175 million (EUR195 million) face value. [...more]
This season, Heineken is doing its part to keep parties going by providing the hottest tracks as downloads via their new Heineken Playlist Challenge. Found at http://playlistchallenge.heineken.com, the Heineken Playlist Challenge invites consumers 21 and older to mix the perfect party playlist using fun tracks from up-and-coming artists, while receiving a little help from legendary DJ Biz Markie. On-screen, a live-video lounge party is in full swing and the consumer is challenged to keep the crowd dancing with his playlist prowess. The crowd will react either positively or negatively to each track selection and the party will either go off, or be a dud. It's all up to the consumer.
"With the Heineken Playlist Challenge, we're excited to give consumers a one-of-a-kind digital game that mixes high quality interactive video with hot tracks from up and coming artists," said Filip Wouters, Vice President of Marketing, Heineken. "Consumers can experience what it feels like to DJ a club and influence a crowd's energy. The game taps into their passion for music and will give them the playlist to make theirholiday parties memorable." [...more]
Heineken boss Jean-Francois van Boxmeer has been appointed a non-executive director at Kraft Foods - the US food giant behind a £10bn hostile bid for Cadbury.
As chief executive at the global beer giant, van Boxmeer was instrumental in the firm's £7.8bn bid for Scottish & Newcastle (S&N, now Heineken UK) last year.
Van Boxmeer's appointment will have no impact on his role at Heineken. [...more]
Heineken, a Dutch beer company, has begun the licensed production of Zlaty Bazant, a Slovakian beer, in Belarus,
The company said that it has already obtained the required approvals from Heineken International and will start the licensed production of Zlaty Bazant at the Syabar unit in Bobruisk. The company owns two brewing companies in Belarus. They are Izao Syabar and OJSC Rechitsapivo, which it acquired in 2007 and 2008 respectively. [...more]
Three brewers are interested in acquiring Mexico's FEMSA Cerveza in a $7.5-billion plus auction, with SABMiller (SAB.L) seen front runner in a deal likely to be sealed in January, sources close to the situation said yesterday.
Europe-based brewers SABMiller and Heineken are both keen to buy one of the last big emerging market brewers, while Japan's largest brewer, Kirin Holdings Co , has asked for details on the brewer, which was effectively put up for sale last month. [...more]
Heineken N.V. have announced the appointment of Alexis Nasard as Group Commerce Director, effective 1 February 2010. Mr. Nasard will join Heineken's Executive Committee reporting to Jean-François van Boxmeer, Heineken N.V. Chief Executive Officer. [...more]