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Heineken NV (HEINY.PK)

HEINY.PK on OTC Markets Group

22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Heineken prices $1.75 billion of U.S. dollar senior notes
Tuesday, 21 Mar 2017 03:01am EDT 

Heineken NV : Prices $1.75 billion of U.S. dollar senior notes . This comprises $1.1 billion of long 10 year notes with a coupon of 3.50 pct, and $650 million of 30 year notes with a coupon of 4.35 pct .Closing of offering is expected to occur on March 29.  Full Article

UK's CMA to look into Heineken, Punch Taverns deal
Thursday, 16 Feb 2017 02:30am EST 

UK's Competition and Markets Authority :Considering if Heineken, Punch Taverns merger will result in creation of a relevant merger situation.  Full Article

Heineken enters into agreement to acquire Brasil Kirin Holding
Monday, 13 Feb 2017 01:44am EST 

Heineken NV : Heineken N.V. enters into agreement to acquire Brasil Kirin Holding S.A. . Total consideration to be paid to Kirin for shares is 664 million euros ($705.96 million), corresponding to an estimated enterprise value of 1,025 million euros for Heineken . Upon completion of transaction Brasil Kirin will be consolidated with Heineken . On closing, Heineken will become second largest beer company in Brazil . This transaction is expected to be dilutive to Heineken's margin in 2017 . Heineken expects to deliver significant cost synergies from acquisition .Acquisition is subject to customary regulatory approvals and is expected in first half of 2017.  Full Article

Heineken confirms that it is currently in discussions with Kirin in Brazil
Friday, 20 Jan 2017 01:13am EST 

Heineken NV : Confirms that it is currently in discussions with Kirin Holdings Company, Limited regarding a potential transaction in respect of Brasil Kirin Holding S.A. .Discussions are ongoing and there can be no certainty that an agreement will be reached.  Full Article

Heineken to acquire Punch Taverns pub portfolio
Thursday, 15 Dec 2016 08:40am EST 

Heineken NV : To acquire Punch Taverns PLC pub portfolio . Heineken UK will pay an aggregate consideration of 305.0 million pounds ($380.3 million) for the shares in Punch A and assumed intercompany debts due from Punch A to Punch Taverns PLC. . Heineken UK intends to fully integrate these pubs into Star .Transaction is expected to be earnings enhancing in the first full year following the acquisition.  Full Article

Emerald Investment confirms offer for Punch Taverns, says has 2.2 pct stake
Wednesday, 14 Dec 2016 12:23pm EST 

Emerald Investment Partners: Possible offer for Punch Taverns Plc . Confirms it has made a proposal to punch regarding a possible cash offer for entire issued and to be issued share capital of punch at 185 pence per share .Confirms that it, together with its concert parties, currently owns 4,835,980 shares in punch, representing 2.2% of issued share capital..  Full Article

Heineken successfully prices 500 million euros of notes
Tuesday, 22 Nov 2016 11:35am EST 

Heineken NV : Successfully placed long 10-year notes with a coupon of 1.375 pct for a principal amount of 500 million euros ($530.65 million) .Maturity date of notes is 29 January 2027.  Full Article

Heineken Q3 beer volumes ahead of Reuters poll
Wednesday, 26 Oct 2016 02:00am EDT 

Heineken NV : Reports 2016 third quarter trading update . Consolidated beer volume +2.0% organically, with growth in Americas, Asia Pacific and Europe offsetting weaker volume in Africa Middle East & Eastern Europe . Performance in q3 was robust despite strong comparatives in americas and europe . Q3 consolidated beer volume 54.0 million hls versus 53.1 million hls in Reuters poll . Tough environment in Africa Middle East & Eastern Europe . Full Year margin expectations remain unchanged despite continued adverse economic conditions in some developing markets . Sees increasing currency headwinds . In Russia volume declined double digit as market remained under pressure and volume was adversely impacted by high promotional price pressure . Reported net profit for nine months was 1,239 million euros ($1.35 billion) (2015: 1,776 million euros), including asset impairment of 233 million euros .Jean-François Van Boxmeer to be nominated for re-appointment at the 2017 AGM.  Full Article

Heineken H1 consolidated revenue of 10.09 billion euros below Reuters estimates
Monday, 1 Aug 2016 01:48am EDT 

Heineken NV : H1 consolidated revenue of 10.09 billion versus 10.34 billion euros in Reuters poll . H1 consolidated operating profit (beia) 1.70 billion euros versus 1.67 billion euros in Reuters poll . H1 net profit 586 million euros versus 1,144 million euros a year ago . H1 consolidated revenue Americas of 2.48 billion euros versus 2.52 billion euro in Reuters poll . H1 consolidated revenue Europe of 4.93 billion euros versus 4.93 billion euros in Reuters poll . H1 consolidated revenue Africa, Middle East & Eastern Europe 1.64 billion euros versus 1.62 billion euros in Reuters poll . H1 group beer volume 97.0 mhl versus 89.9 mhl a year ago . Expect full year margin expansion in line with medium term guidance of around 40bps per annum . For 2016 Heineken expects to deliver further organic revenue and profit growth . For 2016 capital expenditure related to property, plant and equipment is expected to be slightly below 2 billion euros (2015: 1.6 billion euros) . After a strong Q1, boosted by easter timing and a strong vietnamese and chinese new year, volume growth in Q2 was more subdued . In accordance with its dividend policy, Heineken fixes interim dividend at 40 pct of total dividend of previous year .Interim dividend of 0.52 euro per share of 1.60 euro nominal value will be paid on 11 August 2016.  Full Article

Heineken signs joint venture agreement with Asia Brewery, Inc.
Friday, 27 May 2016 03:38am EDT 

Heineken NV : Signs a joint venture agreement with Asia Brewery Incorporated (Asia Brewery, Inc.), a large beverage producer in the Philippines owned by LT Group, Inc. . Transaction is subject to customary closing conditions and operations are expected to commence in fourth quarter of 2016 .Financial terms are not disclosed.  Full Article

More From Around the Web

Tesco pulls Heineken brands from shelves

LONDON, March 22 Tesco, Britain's biggest supermarket, has pulled eight Heineken brands, including Amstel, Sol and Kingfisher beer from its shelves, as part of a move to refine its alcoholic beverages offer, it said on Wednesday.