HEINEKEN acquires shares in United Breweries in India

Rhea-AI Summary

Heineken N.V. (HEINY) has successfully acquired an additional 39,644,346 ordinary shares in United Breweries Limited (UBL), increasing its ownership from 46.5% to 61.5%. This strategic move enhances Heineken's control over UBL, reflecting its commitment to expanding its market presence. The acquisition underlines Heineken's long-term strategy to bolster its portfolio and increase revenue streams through UBL's established distribution network and brand value.

Positive

• Increased ownership in UBL enhances control and operational synergy.
• Potential for revenue growth through UBL's established market presence.

Negative

• None.

Amsterdam, 23 June 2021 – Heineken N.V. (HEINEKEN) today announces that it has acquired an additional 39,644,346 ordinary shares in United Breweries Limited (UBL) taking its shareholding in UBL from 46.5% to 61.5%.

Press enquiries                                        
Sarah Backhouse / Michael Fuchs
E-mail: pressoffice@heineken.com                        
Tel: +31-20-5239-355                                
                
Investor and analyst enquiries
Federico Castillo Martinez / Janine Ackermann / Robin Achten
E-mail: investors@heineken.com
Tel: +31-20-5239-590

About HEINEKEN:
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. It employs more than 80,000 employees and operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN’s website, and follow us on LinkedIn, Twitter and Instagram.

Attachment

• Press release HEINEKEN acquires shares in UBL (23_06_2021)

FAQ

What is the significance of Heineken's acquisition of shares in UBL?

The acquisition increases Heineken's shareholding in United Breweries Limited to 61.5%, enhancing its control and potential revenue from UBL.

How many shares did Heineken acquire in United Breweries Limited?

Heineken acquired an additional 39,644,346 ordinary shares in United Breweries Limited.

What is the new percentage of Heineken's ownership in UBL after this acquisition?

Heineken's ownership in United Breweries Limited increased from 46.5% to 61.5%.

When did Heineken announce the acquisition of UBL shares?

The acquisition was announced on June 23, 2021.