Consolidation to continue
As expected by market observers, Heineken N.V. announced at the end of November that Brau Holding International AG, its German joint-venture between with Schörghuber Corporate Group, had come to an agreement to acquire 100 percent of the shares of Hoepfner brewery, Karls-ruhe in southwest Germany. The transaction is subject to regulatory approval. Commenting on the deal, Jean Francois van Boxmeer, member of the Executive Board of Heineken N.V. said: "Hoepfner together with the recent acquisition of the Fürstlich Fürstenbergische Brewery strengthens BHI’s position in the key Baden Württemberg region in Southern Germany." The Hoepfner brewery, which sold 200,000 hl of beer in 2003, was privately owned.
As agreed by both parties the acquisition price will not be published..
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