Dutch brewing giant HEINEKEN announced today the completion of its transaction to sell its Russian operations to Arnest Group. This move finalizes HEINEKEN’s exit from Russia, a process initiated in March 2022. All required approvals for the transaction have been received, concluding a phase that incurs an expected total cumulative loss of €300m for HEINEKEN. […]
Royal Unibrew A/S, a Danish brewing and beverage company, has announced the signing of an agreement to purchase Vrumona from Heineken. As the second largest soft drinks player in the Dutch market, Vrumona has a strong portfolio of both its own brands and partner brands. The company, based near Utrecht, boasts over 300 employees. The […]
Dutch drinks giant Heineken said that it has decided to quit Russia in protest of the country’s ongoing war against Ukraine. Earlier this month, Heineken announced that it has ceased new investments and exports to Russia, stopped the production, sale and advertising of the Heineken brand. The drinks company also said that it will not […]
Heineken N.V. has increased its stake in United Breweries Limited (UBL), an Indian brewing company, which was formerly owned by fugitive businessman Vijay Mallya, to 61.5%. The Dutch drinks company acquired an additional 39,644,346 shares in the Indian beer producer. Prior to this, Heineken N.V. had a stake of 46.5% in United Breweries Limited. The […]
Drinks acquisition news : Dutch brewing company Heineken has agreed to acquire a stake of 40% in CRH (Beer) Limited (CBL), the owner of Chinese brewing company China Resources Beer (CR Beer), for HK$24.3 billion ($3.1 billion), from China Resources Enterprise. CR Beer, in turn, is the owner of the Snow beer brand, in which […]
Beer industry news : Dutch brewing company Heineken has inaugurated a new $500 million worth brewery in Meoqui in the Mexican province of Chihuahua for its subsidiary Cuauhtemoc Moctezuma. The new Heineken brewery in Mexico is capable of producing six million hectolitres per year. It will be the Dutch brewing company’s seventh brewery in the […]