Dutch brewer Heineken has closed its public offer to buy the remaining shares in German brewers Brau-Beteiligungs-Aktiengesellschaft (BBAG) and Brau Union AG (BUAG).
Heineken said it now owns 98.73% of BBAG and 98.70% of BUAG. The remaining shares were bought for 711m euros, funded from existing cash resources and a 1.2bn euros syndicated revolving credit facility obtained in December.
Heineken launched the public offers following its acquisition of Getraenke-Beteiligungs-AG (GeBAG) in which Heineken currently holds 85.58%.
Heineken noted that the deal would make it the regional market leader with a share of 27%.
Heineken said it now owns 98.73% of BBAG and 98.70% of BUAG. The remaining shares were bought for 711m euros, funded from existing cash resources and a 1.2bn euros syndicated revolving credit facility obtained in December.
Heineken launched the public offers following its acquisition of Getraenke-Beteiligungs-AG (GeBAG) in which Heineken currently holds 85.58%.
Heineken noted that the deal would make it the regional market leader with a share of 27%.
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