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Heineken N.V. has acquired a 21 percent stake in Guangdong Brewery Holdings Ltd (Guangdong Brewery) through its associated company Heineken Asia Pacific China Pte Ltd (Heineken APB). 72 percent of the shares are owned by GDH Ltd, which is the investment vehicle of the Guangdong Provincial Government. The total acquisition is valued at EUR57 million of which Heineken’s share is EUR28.5 million. The transaction will be funded from existing cash resources. The deal is subject to approval by the independent shareholders of Guangdong Brewery.
In order to streamline its structures in Asia, Heineken APB is to become the vehicle for the production and marketing of beer and other strategic activities such as investments, mergers and acquisitions in China. Operations are to begin in 2005..
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