Heineken continues spending spree in Germany
In October, Heineken and its German joint venture partner Schörghuber (hotels, real estate, brewing) bought a brewery in southern Germany. That put an end to rumours which had gone round throughout spring and summer that Heineken and Schörghuber, partners in Brau Holding International (BHI) - a joint-venture between Heineken (49.9%) and Schörghuber Corporate Group (50.1%) - had fallen out with each other. While many still wondered who would buy out whom, BHI announced that it had acquired 100 percent of the shares of Fürstlich Fürstenbergische Brauerei (Fürstenberg Brewery). As agreed by both parties the acquisition price will not be published. However, market observers reckon that Heineken and Schörghuber paid between EUR80 million and EUR120 million. That goal was never attained..
Select offer and read on
6 print issues