FDBusiness.com

Anheuser-Busch InBev Becomes Caribbean Leader With $1.2 Billion Deal

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

Anheuser-Busch InBev Becomes Caribbean Leader With $1.2 Billion Deal

Anheuser-Busch InBev Becomes Caribbean Leader With $1.2 Billion Deal
April 17
09:20 2012

Anheuser-Busch InBev has further strengthened its exposure to emerging markets by taking a majority stake in Cerveceria Nacional Dominicana (CND), one of the largest brewers in the Dominican Republic. Anheuser-Busch InBev’s subsidiary AmBev Brasil has formed a strategic alliance with E Leon Jimenes, which owns 83.5% of. CND, to create the leading beverage company in the Caribbean through the combination of their businesses in the region. The combined business will include beer, malt and soft drinks operations in the Dominican Republic, Antigua, Saint Vincent and Dominica, as well as exports to 16 other countries in the Caribbean, the US and Europe.

AmBev Brasil is making a cash payment of approximately $1.0 billion and contributing AmBev Dominicana. The combined entities would have had net revenues of approximately $570 million in 2011 and are expected to have an estimated combined EBITDA for the first 12 months of operations of approximately $190 million, which implies an EV/EBITDA multiple of approximately 13x.

Separately, AmBev Brasil will acquire an additional stake in CND of 9.3%, which is currently owned by Heineken, for $237 million. This deal will increase AmBev Brasil’s indirect interest in CND to approximately 51%.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements