Key Developments: Heineken NV (HEIN.AS)

HEIN.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Heineken NV majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc to merge
Friday, 9 May 2014 12:03pm EDT 

Heineken NV:Says its majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc intend to merge.Pre-merger notification has been filed with Nigerian Securities and Exchange Commission.It is intended that Nigerian Breweries plc as remaining legal entity will remain listed on Nigerian Stock Exchange after the completion of merger.  Full Article

Heineken NV announces fiscal year 2013 dividend proposal
Wednesday, 12 Feb 2014 02:36am EST 

Heineken NV:Says it proposes a total fiscal year 2013 dividend of 0.89 euros per share, unchanged versus fiscal year 2012.Says the company‚Äôs dividend policy is to pay out a ratio of 30 percent to 35 percent of full-year net profit.Says the payment of a total cash dividend of 0.89 euros per share of 1.60 euros nominal value for 2013 will be proposed to the annual meeting of shareholders.Says that if approved, a final dividend of 0.53 euros per share will be paid on May 8, as an interim dividend of 0.36 euros per share was paid on Sep. 3, 2013.Says the payment will be subject to a 15 percent Dutch withholding tax.Says the ex-final dividend date for Heineken NV shares will be Apr. 28.  Full Article

Heineken NV to recommend appointment of Deloitte as its auditor as of 2015
Friday, 20 Dec 2013 02:03am EST 

Heineken NV:Says its Supervisory Board will recommend to the 2014 Annual General Meeting of Shareholders the appointment of Deloitte as the company's auditor with effect from the 2015 financial year.Says the recommendation follows the new Dutch law that an audit firm may not conduct a statutory audit of a listed company for more than eight consecutive years.Says is auditor, KPMG, will remain in place until the conclusion of the audit process for the 2014 financial year.  Full Article

Heineken NV raises stake in United Breweries Ltd for $45.8 mln - Reuters
Tuesday, 10 Dec 2013 09:36am EST 

Heineken NV:Says it has bought an additional 1.3 percent stake in United Breweries Ltd for 2.8 billion rupees ($45.8 million) on the stock market - Reuters.Says it currently owns 3.2 percent stake in United Breweries, bought 3.5 million shares at 772.9 rupees.  Full Article

Heineken NV Lowers FY 2013 Net Profit Outlook and Reaffirms All Other Elements of Its FY 2013 Outlook
Wednesday, 23 Oct 2013 02:39am EDT 

Heineken NV announced that, due to weak beer market conditions in Central and Eastern Europe and the delayed economic improvement in key developing markets that led to a lower than expected volume performance and due to the recent unfavorable currency movements impacted on other net finance expenses in the third quarter of fiscal year 2013, the Company now expects full year 2013 net profit (beia) to decrease in the low single-digits, on an organic basis. The Company previously announced that it expected its full year 2013 net profit (beia) to be broadly in line with full year 2012 net profit (beia). The recent strength of the euro against a number of key developing market currencies, is now expected to result in a combined impact of foreign currency translation movements and consolidation changes reducing full year 2013 net profit (beia) by approximately EUR 40 million, based on current spot rates. The Company reaffirms all other elements of its full year outlook for 2013 as stated in its first half 2013 earnings release dated August 21, 2013. The Company reported fiscal year 2012 net income of EUR 1,696.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 net income of EUR 1,637.77 million.  Full Article

Heineken NV Issues FY 2013 Net Profit Outlook In-Line With Analysts' Estimates-Reuters
Wednesday, 21 Aug 2013 04:39am EDT 

Reuters reported that Heineken NV announced that the Company has issued its outlook for fiscal year 2013 net profit (beia), expecting it to be broadly in line with last year, on an organic basis. The Company reported fiscal year 2012 net income of EUR 1,696.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 net income of EUR 1,718.14 million.  Full Article

Heineken Holding NV and Heineken NV Announce FY 2013 Interim Dividend
Wednesday, 21 Aug 2013 01:01am EDT 

Heineken Holding NV and Heineken NV announced that they will pay an identical dividend per share for fiscal year 2013 of EUR 0.36 per share of EUR 1.60 nominal value on September 3, 2013. Both the Heineken Holding NV ordinary shares and the Heineken NV shares will trade ex-dividend on August 23, 2013.  Full Article

Heineken NV Signs Binding Agreement to Divest Finnish Hartwall Business to Royal Unibrew; Agrees on Principles of Licensing Agreement with Royal Unibrew
Thursday, 11 Jul 2013 01:01am EDT 

Heineken NV announced that it has signed a binding agreement with Danish Royal Unibrew A/S (Royal Unibrew) for the sale of its Finnish multi-beverage business Oy Hartwall Ab (Hartwall). The total enterprise value of the transaction amounts to approximately EUR470 million. The transaction is expected to close in the fourth quarter of 2013 at the latest and is subject to customary closing conditions, including anti-trust approvals. Heineken NV and Royal Unibrew have also agreed on the principles of extending their existing partnership to the effect that, for the next ten years, Royal Unibrew will obtain a license to brew Heineken beer for Finland, Estonia, Latvia and Lithuania. At the moment Royal Unibrew already brews the Heineken brand in Denmark and distributes the brand in the Baltic countries. In addition, Hartwall will remain the exclusive distributor of Heineken NV's global and international brands in Finland, including Sol, Strongbow, Newcastle Brown Ale, Krucovice and Murphy's Irish Stout, and will continue to brew Foster's beer under license in the country.  Full Article

Heineken NV Signs Joint Venture Agreement in Myanmar
Monday, 13 May 2013 03:09am EDT 

Heineken NV announced that it has entered into a local joint venture agreement with privately-owned Alliance Brewery Company Ltd (ABC) to brew and sell Heineken beers in Myanmar. ABC is majority-owned by Aung Moe Kyaw, a local entrepreneur. The new joint venture company, APB Alliance Brewery Company Limited, which will build a new greenfield brewery in the country, has been approved by the Myanmar Investment Committee (MIC). Under the terms of the agreement, Heineken NV, through its subsidiary Asia Pacific Breweries Limited, will have a controlling 57% stake in the new joint venture company and be responsible for overall management, providing brewing and technical knowledge, procurement of ingredients and the licensing of brands. The brewery will be located near the country's capital Yangon and is expected to be operational by the end of 2014. The joint venture company plans to invest USD 60 million in the brewery, create more than 400 jobs and brew a number of brands, including Heineken.  Full Article

Heineken NV Announces Placement of EUR 500 Million Notes
Tuesday, 26 Mar 2013 12:46pm EDT 

Heineken NV announced that has placed eight-year Notes for a principal amount of EUR 500 million with a coupon of 2.0%. The Notes will be issued under the Company's Euro Medium Term Note Program and will be listed on the Luxembourg Stock Exchange. The proceeds from the Note issuance will be used for general corporate purposes. Deutsche Bank, HSBC, Rabobank, Societe Generale, ABN AMRO, BBVA, Credit Agricole CIB, Banca IMI and Santander have acted as book runners for this transaction.  Full Article

UPDATE 1-Mexico's Femsa reports lower first-quarter profit

MEXICO CITY, April 30 - Mexican retailer and bottler Femsa on Wednesday said its first-quarter profit fell 5 percent as its main bottling business Coke Femsa paid more on debt and its share of Heineken's profit was hurt by one-time charges.

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