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Royal Unibrew to buy Canada's Amsterdam Brewery in $40 million deal

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(July 15 story corrects figure in first and penultimate paragraphs to 250 mln Danish crowns, not 300 mln, after company's official correction, and U.S. dollar conversion in first paragraph to $33 mln)

COPENHAGEN (Reuters) - Danish brewer and beverage maker Royal Unibrew will acquire Canadian craft brewer Amsterdam Brewery in a deal valued at around 250 million Danish crowns ($34 million), Royal Unibrew said in a statement on Friday.

"The acquisition we are doing today is very important for the future growth of Royal Unibrew in the Americas region," Chief Executive Lars Jensen said in a statement.

"We are adding capacity in Canada, which is also close to our U.S. business and over time we expect to serve most of Canada and partly United States from Amsterdam Brewery," Jensen added.

The vast majority of Royal Unibrew's revenue is generated in Europe. In 2021, around 11% of the company's net revenue came from its international segment, which includes the Americas, according to its annual report.

The acquisition, which is expected to close in the third quarter of this year, placed an enterprise value on Amsterdam Brewery of approximately 250 million Danish crowns, which will be paid on a debt free basis, Royal Unibrew said.

It expects the deal to be earnings-per-share accretive within the first year of ownership.

($1 = 7.4092 Danish crowns)

($1 = 7.3785 Danish crowns)

(Reporting by Nikolaj Skydsgaard; Editing by Mark Potter and David Goodman)

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