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Tag "Heineken"

Interim Revenue and Profit Growth at Heineken

    Interim Revenue and Profit Growth at Heineken

Heineken has reported a 4.5% organic increase in revenue to Eur8.8 billion for the first half of 2012, driven by higher total consolidated volumes up 1.6% and revenue per hectolitre growth of 2.9%. Group beer volume rose 3.3% with increases in four out of the global brewer’s five regions. Reported net profit increased 30% to […]

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Heineken to Acquire Asia Pacific Breweries

    Heineken to Acquire Asia Pacific Breweries

Heineken has made a S$5.1 billion (US$4 billion) offer to buy the stake held by its joint venture partner, Fraser & Neave, in Asia Pacific Breweries, one of the fastest growing beer groups in Asia and owner of the Tiger brand. In accordance with the Singapore Code on Takeovers and Mergers, when the conditions of […]

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Heineken to Divest Minority Stake in Dominican Republic Brewery

    Heineken to Divest Minority Stake in Dominican Republic Brewery

Heineken is selling its 9.3% minority shareholding in Cervecería Nacional Dominicana in theDominican Republicfor $237 million to AmBev Brasil, part of Anheuser-Busch InBev. Closing of the transaction is expected to take place in the second quarter of 2012 and subsequently Heineken expects to realise a post-tax exceptional book gain of approximately Eur130 million.

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

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

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 […]

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Anheuser Busch InBev and Heineken Chase $1.5 Billion Acquisition

    Anheuser Busch InBev and Heineken Chase $1.5 Billion Acquisition

Anheuser-Busch InBev and Heineken are reported to be competing to acquire Cerveceria Nacional Dominicana (CND), the largest brewer in the Dominican Republic. CND, which also sells its beer in the Caribbean islands and in the United States, is owned by Grupo Leon Jimenes. The likely price tag for CND is $1.5 billion and a deal […]

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Heineken Assigned Solid Investment Grade Credit Ratings

    Heineken Assigned Solid Investment Grade Credit Ratings

Heineken has been assigned solid investment grade credit ratings by the world’s two leading credit agencies – Moody’s Investor Service and Standard & Poor’s. Both long-term credit ratings, Baa1 and BBB+, respectively, have ‘stable’ outlooks and reflect the brewer’s excellent geographic spread of profits and cash flows, its leading positions in beer markets across the […]

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Heineken Achieves Organic Growth Across All Regions

    Heineken Achieves Organic Growth Across All Regions

Driven by a group beer volume increase of 3.6% with growth in all regions, Heineken has reported a 6.1% increase in revenue to Eur17.12 billion for 2011. Revenue grew 3.6% organically, reflecting total consolidated volume growth of 2.1% and revenue per hectolitre growth of 1.5%.
Organic EBIT growth was 1.4% as higher revenues, cost savings and […]

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Heineken to Take Over UK Marketing and Distribution For Desperados

    Heineken to Take Over UK Marketing and Distribution For Desperados

Heineken is taking on the UK marketing, sales and distribution rights to Desperados premium tequila-flavoured beer. Heineken will assume exclusive responsibility for the Desperados brand in all UK on and off trade sales channels from February 1st 2012, where it will be sold in 330ml bottles only. Desperados is a Heineken-owned brand that is currently […]

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Heineken and Coca-Cola Hellenic Increase Stake in Pivara Skopje

    Heineken and Coca-Cola Hellenic Increase Stake in Pivara Skopje

Heineken and Coca-Cola Hellenic have acquired 41.2% of the minority shares in their joint venture company, Pivara Skopje, in the Former Yugoslav Republic of Macedonia (FYROM) for €79.1 million (excluding acquisition costs). Coca-Cola Hellenic and Heineken now collectively own 96.5% of the shares in Pivara Skopje.
 
Pivara Skopje was established in 1924. In 1998 Coca-Cola Hellenic […]

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Heineken to Increase Stake in Haitian Brewer

    Heineken to Increase Stake in Haitian Brewer

Heineken intends to increase its shareholding in Brasserie Nationale d’Haiti (Brana), the country’s leading brewer, from 22.5% to 95%. The shares are currently owned by Brana’s management and private shareholders. Financial details are not disclosed.
 
Brana is the leading beverage company in Haiti, producing, marketing and distributing various beer and malt brands, most notablyPrestige, Malta H […]

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Heineken Forms Global Partnership With Facebook

    Heineken Forms Global Partnership With Facebook

Heineken and Facebook have announced a global partnership, which will see the two companies collaborate on digital campaigns for Heineken’s brands around the world. The new partnership further strengthens Heineken’s position in the digital space. The Heineken Facebook fan page is already the largest for any beer brand with over 4.6 million adult users. Two […]

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New Head For Heineken’s Central and Eastern Europe Region

    New Head For Heineken’s Central and Eastern Europe Region

Nico Nusmeier, regional president of Heineken Central and Eastern Europe, has decided to leave the global brewing group. Effective from January 1st, 2012 he will be succeeded by Jan Derck van Karnebeek, currently managing director, Romania. In his new role, Jan Derck will be based inVienna as a member of Heneken’s executive committee, reporting to […]

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Heineken and Coca-Cola Hellenic Extend Stake in Macedonian Joint Venture

    Heineken and Coca-Cola Hellenic Extend Stake in Macedonian Joint Venture

Heineken and Coca-Cola Hellenic are acquiring 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 Eur79.1 million, to be equally divided between Heineken and Coca-Cola Hellenic.
 
The transaction is […]

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Heineken Faces Tough Second Half

    Heineken Faces Tough Second Half

Despite a solid first half performance, Heineken has cautioned that profit for the full year will be flat. Heineken achieved organic growth in group beer volume of 4.2% to 104.1m hectolitres with higher volume across all regions in the first half of 2011. On an organic basis, revenue grew 3.3% to Eur8.36 billion, driven by […]

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Heineken Completes Acquisitions of Two Breweries in Ethiopia

    Heineken Completes Acquisitions of Two Breweries in Ethiopia

Heineken has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for $85m and $78m respectively. The transactions follow Heineken’s participation in the public auctions for the two breweries.
 
The acquisitions reflect Heineken’s strategy of increasing our exposure to and growth from developing markets. With brands […]

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Heineken Starts Amstel Brewing in Russia

    Heineken Starts Amstel Brewing in Russia

Heineken has commenced the brewing of its Amstel brand at its St Petersburg brewery in Russia. Heineken is reported to be aiming to capture a 1% share of the Russian beer market for Amstel by the end of the year as consumer demand for premium beer brands, such as Heineken and Zlaty Bazant, recovers.
During the […]

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Heineken Commences Next Phase of Share Repurchasing Programme

    Heineken Commences Next Phase of Share Repurchasing Programme

Heineken has announced that in connection with the acquisition of South American brewer FEMSA Cerveza that was completed on 30 April 2010, it will begin the next phase of repurchasing its own shares up to a maximum value of Eur300m. These shares are intended to be delivered to FEMSA or a FEMSA group company under […]

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Heineken Looks to Expand in Brazil

    Heineken Looks to Expand in Brazil

Heineken is reported to be considering making an offer to acquire Primo Schincariol Industria de Cervejas Refrigerantes, the second largest brewer in Brazil behind Anheuser-Busch InBev. Primo Schincariol Industria de Cervejas Refrigerantes is estimated to be worth in the region of £2b.
Such an acquisition move would be in line with Heineken’s strategy of developing its […]

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Heineken Renews €2 Billion Revolving Credit Facility

    Heineken Renews €2 Billion Revolving Credit Facility

Heineken has announced the successful closing of a new Revolving Credit Facility for an amount of Eur2b with a syndicate of 17 banks. The new multi-currency facility replaces Heineken’s existing Eur2b Revolving Credit Facility, which was scheduled to mature on April 22nd 2012. The new self-arranged credit line has a tenor of five years with […]

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Heineken Expands in Africa With Two Acquisitions

    Heineken Expands in Africa With Two Acquisitions

In line with its strategy of increasing exposure to emerging markets, Heineken is acquiring two breweries in Ethiopia, after being named the preferred bidder by the Ethiopian Government following a public auction. Heineken is paying $85m and $78m respectively for the Bedele and Harar breweries.
The two breweries have a combined market share of 18% with […]

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Heineken Starring in National Geographic TV Documentary

    Heineken Starring in National Geographic TV Documentary

Heineken is starring in the first episode of the new European season of Mega Factories, the successful documentary series on National Geographic Channel. Mega Factories Heineken will be broadcasted in the Netherlands, Belgium, Luxembourg, Sweden and Denmark on Thursday night, March 24th; in Turkey on March 25th and in France on March 26th.
The 45-minute documentary […]

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Another Milestone For Heineken

    Another Milestone For Heineken

Heineken has reached another important milestone in Mexico, the world’s fourth largest beer profit pool and a market that is expected to show ongoing incremental volume growth in the coming years, less than a year after the acquisition of Cuauhtemoc Moctezuma (CM) as part of the FEMSA beer operations transaction. The new developments include the […]

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Robust 2010 Performance by Heineken

  Robust 2010 Performance by Heineken

Helped by the integration of its FEMSA acquisition in Latin America and continued growth of its flagship brand, Heineken increased net profit by 41% to Eur1.44b for 2010 on revenue up 9.7% to Eur16.13b. On an organic basis, net profit (beia) rose by 19.7%, driven by solid EBIT (beia) growth and lower interest costs, but […]

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Heineken Launches a New Global Brand Campaign

  Heineken Launches a New Global Brand Campaign

‘The Entrance’, the first installment of a new global brand campaign for Heineken, is proving to be a major online success, with close to four million hits on You Tube in just three weeks. The film premiered on Heineken’s Facebook fan page at the end of 2010 to more than 900,000 Heineken fans and will […]

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Heineken Expands in Nigeria

  Heineken Expands in Nigeria

Heineken has strengthened its platform for growth in Nigeria with the acquisition from the Sona Group of two businesses which have controlling interests in each of the Sona, IBBI, Benue, Life and Champion breweries in Nigeria. The acquisition provides Heineken with an additional technical capacity of 3.7m hectolitres, helping to alleviate the Dutch group’s current […]

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Ten Brewers Control 61% of Global Beer Market

  Ten Brewers Control 61% of Global Beer Market

Worldwide beer consumption has increased by over 3% per annum during the last ten years and the top ten brewers now account for over 60% of global beer volume, compared to 38% in 2000. A new report by Rabobank titled ‘Value creation in the Beer Sector through M&A activities’ looks at changes in the beer […]

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Major Bottle Redesign by Heineken

  Major Bottle Redesign by Heineken

Heineken has restyled its famous green bottle design using a longer neck and reduced the number of bottle sizes from 15 to five as the Dutch brewer seeks to improve brand uniformity across its international markets and to simplify its supply chain and enhance efficiency. The new bottle design will be launched in Western Europe […]

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Coca-Cola Retains Position as World’s Most Valuable Brand

  Coca-Cola Retains Position as World’s Most Valuable Brand

Coca-Cola has retained its leadership of Interbrand’s 11th annual ranking of the ‘Best Global Brands’ beating off competition from the likes of IBM, Microsoft and Google. This is the eleventh consecutive year that Coca-Cola has earned the distinction of being the world’s most valuable brand. Coca-Cola was valued by Interbrand at $70.45b, up 2% on […]

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Heineken Presented With 2010 World Business and Development Award

  Heineken Presented With 2010 World Business and Development Award

Gloabl brewer Heineken has been presented with the 2010 World Business and Development (WBD) Award for its groundbreaking sustainable local supply chain initiative in Sierra Leone. Heineken is one of only ten organisations to receive the 2010 WBD award. According to the members of the International Judging Panel, Heineken impressed by demonstrating a clear link […]

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Strong Showing From Heineken

  Strong Showing From Heineken

Global brewer Heineken has produced a strong first half performance but remains cautious on the development of beer consumption in Europe and the US due to continued weak consumer spending and planned austerity measures across many countries. Heineken reported a 42% jump in net profit to Eur695 million, partly due to positive exceptional items, on […]

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Heineken Disposes of UK Drinks Wholesale Business

  Heineken Disposes of UK Drinks Wholesale Business

Heineken has sold Waverley TBS, its loss-making UK wholesale drinks subsidiary, to private equity firm Mansfield Partners for an undisclosed sum. Heineken took over Waverley following its joint £7.8b acquisition with Carlsberg of Scottish & Newcastle in 2008.
Waverley employs 1,100 staff, after announcing 220 job cuts as part of a restructuring programme. Heineken will continue […]

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