Heineken NV and Anadolu Efes Biracilik ve Malt San.A.S.'s Efes Breweries International Unwind Partnerships In Kazakhstan and Serbia


Sunday, 23 Dec 2012 07:00pm EST 

Heineken NV announced that together with Efes Breweries International (EBI), a wholly-owned subsidiary of Anadolu Efes Biracilik ve Malt San.A.S., it has agreed to unwind their partnerships in Kazakhstan and Serbia: the Company will sell its 28% stake in Efes Kazakhstan to EBI; and the Company will acquire EBI’s 28% stake in Central Europe Beverages (‘CEB’), the holding company for the Serbian operations, thereby obtaining full ownership. Selling the minority cross-holdings to each other will result in a consideration to be paid by EBI to HEINEKEN of USD 161 million. Each of the transactions announced is anticipated to be completed no later than May 2013. 

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