Purchase of BBAG and Brau Union completed
Heineken announced that it has successfully closed the public offer to purchase the remaining 29.51 percent of the outstanding shares of Brau-Beteiligungs-Aktiengesellschaft ("BBAG") and 31.22 percent of the outstanding shares of Brau Union Aktiengesellschaft ("BUAG"). The Heineken group now owns 98.73 percent of the shares of BBAG and 98.7 percent of the shares of BUAG. The investment involved in the purchase of these remaining outstanding shares is EUR 711 million and is funded from existing cash resources and the EUR1.2 billion syndicated revolving credit facility that was obtained in December 2003. Heineken launched the public offers following its acquisition of Getränke-Beteiligungs-AG ("GeBAG") in which Hein-eken currently holds 85.58 percent..
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