Key Developments: Heineken NV (HINKF.PK)
70.59USD
3 May 2013
$-1.51 (-2.09%)
$72.10
$70.59
$70.59
$70.59
18,703
838
$77.05
$47.49
Latest Key Developments (Source: Significant Developments)
Heineken NV Signs Joint Venture Agreement in Myanmar
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
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
Heineken NV Announces FY 2012 Dividend Proposal
Heineken NV announced that the payment of a total cash dividend of EUR 0.89 per share of EUR 1.60 nominal value for 2012 will be proposed to the Annual Meeting of Shareholders. If approved, a final dividend of EUR 0.56 per share will be paid on May 8, 2013, as an interim dividend of EUR 0.33 per share was paid on September 4, 2012. The payment will be subject to a 15% Dutch withholding tax. The ex-final dividend date for Heineken NV shares will be April 29, 2013. The Company’s total dividend for fiscal year 2011 was EUR 0.83 per share. The proposed total dividend for fiscal year 2012 of EUR 0.89 per share represents an increase of 7.2%. Full Article
Heineken NV Starts Strategic Review of Hartwall Business in Finland
Heineken NV (HEINEKEN) announced that it has started a strategic review of its Hartwall business in Finland. During this review, HEINEKEN will evaluate strategic options for Hartwall to drive continued growth for the business, within or outside of the Company. The strategic review is expected to be finalized before the end of the year. The Company acquired Hartwall as part of the Scottish & Newcastle transaction in 2008. Hartwall is a player in the Finnish beverage category specializing in beer, carbonated soft-drinks, waters, long-drinks, ciders, wines and spirits. Full Article
Heineken NV Announces Heineken International BV`s Final Closing Date and Delisting of Asia Pacific Breweries Limited Offer
Heineken NV announced that the final closing date of Heineken International BV`s (HIBV) mandatory unconditional cash offer (the Offer) for all the issued and paid-up ordinary shares (APB Shares) in the capital of Asia Pacific Breweries Limited (APB), other than those already owned or controlled by HIBV, is January 31, 2013. Since the start of the Offer on December 4, 2012 until 16 January 2013, a total of 11,014,892 shares of the 12,127,715 APB Shares that were still remaining in the open market have been acquired, representing an acceptance level of 90.8%. Therefore, HIBV is now entitled to exercise its right of compulsory acquisition of the remaining APB Shares under Singapore regulations. Accordingly, APB shall become a wholly-owned subsidiary of HEINEKEN and be delisted from the Singapore Exchange following the completion of the compulsory acquisition, which is expected to be on or around February 18, 2013. As of 16 January 2013, HIBV owns an aggregate of 257,120,201 APB Shares, representing approximately 99.57% of the total issued APB share capital. Full Article
Heineken NV Updates on Heineken International BV's Mandatory Unconditional Cash Offer for Shares of Asia Pacific Breweries Ltd
Heineken NV (Heineken) announced that the closing date of Heineken International BV's (HIBV) mandatory unconditional cash offer (the Offer), launched on December 4, 2012, for all the issued and paid-up ordinary shares (APB Shares) in the capital of Asia Pacific Breweries Limited (APB), other than those already owned or controlled by HIBV, shall be extended to January 18, 2013 or such later date(s) as may be announced by or on behalf of HIBV. On January 7, 2013, the total number of APB Shares owned by HIBV and valid acceptances of the Offer, amount to an aggregate of 256,532,896 APB Shares, representing approximately 99.34% of the total issued share capital of APB. Heineken furthermore announced that APB shall be delisted from the Singapore Exchange on or around March 14, 2013, or such earlier date as permissible under applicable Singapore regulations. Full Article
Heineken NV and Anadolu Efes Biracilik ve Malt San.A.S.'s Efes Breweries International Unwind Partnerships In Kazakhstan and Serbia
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. Full Article
Heineken NV Launches Offer for Remaining Asia Pacific Breweries Ltd's Shares
Heineken NV announced that Heineken International BV (HIBV) has launched a mandatory unconditional cash offer (the Offer) for all the 12,127,715 issued and paid-up ordinary shares in the capital of Asia Pacific Breweries Ltd (APB), representing approximately 4.7% of APB's issued share capital, which are not already owned or controlled by HIBV as at the date of the Offer. The offer document dated December 4, 2012 (the Offer Document), which contains inter alia details of the Offer, has been dispatched to the shareholders of APB. The Offer will remain open for acceptance until January 8, 2013 or such later date(s) as may be announced by or on behalf of HIBV. Full Article
Heineken NV Completes Acquisition of Fraser and Neave, Ltd's Direct and Indirect Interests in Asia Pacific Breweries Ltd
Heineken NV announced that Heineken International B.V. (HIBV) has completed the acquisition of Fraser and Neave, Ltd's (F&N) direct and indirect interests in Asia Pacific Breweries Ltd (APB) and F&N's interest in the non-APB assets held by Asia Pacific Investment Private Limited (APIPL) (the Transaction). As a result, the Company owns in aggregate a 95.3% stake in APB and will consolidate APB into its accounts in November 2012. HIBV also announced that it will make a mandatory general offer (MGO) for all the shares of APB that the HEINEKEN group does not already own, in accordance with the Singapore Code on Take-overs and Mergers. Full Article
Heineken NV Prices USD 3.25 Billion of United States Notes
Heineken NV announced that it has priced Senior Notes for a principal amount of USD 3.25 billion. This comprises USD 500 million of 3 year Notes at a coupon of 0.80%, USD 1.25 billion of 5 year Notes at a coupon of 1.40%, USD 1 billion of 10.5 year Notes at a coupon of 2.75% and USD 500 million of 30 year Notes at a coupon of 4.00%. The Notes will be issued pursuant to Rule 144A and Regulation S under the United States Securities Act of 1933. The proceeds of the Notes will be used to finance the acquisition of Asia Pacific Breweries Limited. Consequently, the related EUR 2.5 billion equivalent bridge commitment will be cancelled in its entirety. Full Article
Heineken aims to whet African women's appetite for beer
JOHANNESBURG - A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter.
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