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BRIEF-Heineken enters into agreement to acquire Brasil Kirin Holding
February 13, 2017 / 6:59 AM / 10 months ago

BRIEF-Heineken enters into agreement to acquire Brasil Kirin Holding

Feb 13 (Reuters) - Heineken NV:

* Heineken N.V. enters into agreement to acquire Brasil Kirin Holding S.A.

* Total consideration to be paid to Kirin for shares is 664 million euros ($705.96 million), corresponding to an estimated enterprise value of 1,025 million euros for Heineken

* Upon completion of transaction Brasil Kirin will be consolidated with Heineken

* On closing, Heineken will become second largest beer company in Brazil

* This transaction is expected to be dilutive to Heineken’s margin in 2017

* Heineken expects to deliver significant cost synergies from acquisition

* Acquisition is subject to customary regulatory approvals and is expected in first half of 2017 Source text for Eikon: Further company coverage: ($1 = 0.9406 euros) (Gdynia Newsroom)

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