HEINEKEN to increase shareholding in leading Haitian brewer
Amsterdam – 14 December 2011 – HEINEKEN N.V. announced today the intention to increase its shareholding in Brasserie Nationale d’Haiti S.A. (‘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.
The transaction is subject to customary closing conditions and is expected to be completed and consolidated in January 2012. HEINEKEN expects the acquisition to be earnings accretive from January 2012 and value enhancing in the first year after completion.
Commenting on the transaction, John Nicolson, Regional President Americas for HEINEKEN, said: “The Haitian beer market has shown solid year-on-year growth, but remains relatively underdeveloped. A growing population together with increased political and economic stability creates good prospects for continued growth. Brana is uniquely positioned to benefit from this environment with its leading brands, local brewery and nationwide distribution network.”
“By investing in the country, HEINEKEN will also create further opportunities for the people of Haiti as the nation continues to rebuild after the devastating earthquake in 2010,” Nicolson concluded.
Brana is the leading beverage company in Haiti, producing, marketing and distributing various beer and malt brands, most notably Prestige, Malta H and Guinness (licensed), as well as various PepsiCo licensed soft drink brands. HEINEKEN acquired its initial 22.5% stake in the company in the 1980’s.
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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, 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