|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||13.58|
|Forward Dividend & Yield||0.50 (0.98%)|
|1y target est||59.00|
Heineken (HEIO.AS), the world's third-largest brewer, said on Monday it had put its mothballed production site in Kaliningrad, a Russian exclave on the Baltic Sea, up for sale. The Dutch company halted production at the Kaliningrad plant in January, citing a steady decline in Russia's beer market due to the tightening of the regulation and recession. Heineken said it planned to raise at least 250 million roubles ($4.3 million) from the sale and invest the proceeds in other projects.
The takeover of Punch Taverrns, one of the biggest deals in the UK pubs sector for several years, is set to go ahead after the competition watchdog accepted undertakings from buyer Heineken (LSE: 0O26.L - news) . The Dutch brewing giant agreed to sell pubs in 33 areas to allay the Competition & Markets Authority's concerns that the takeover would hit choice in those districts and potentially push up prices for drinkers. Heineken announced last December that it was teaming up with Patron Capital, the private equity firm, to buy Punch for £409m, or £1.78bn once Punch's debt is taken into account.
Heineken, the world's second-largest beer maker, reported higher than expected earnings in the first half of 2017, with the strongest profit growth in Europe thanks to a late Easter and an early start of warm summer weather.
Heineken's planned takeover of Punch Taverns (Other OTC: PCTVF - news) pubs will face an in-depth investigation unless the Dutch brewer addresses competition concerns in 33 locations, Britain's Competition and Markets Authority (CMA) said on Tuesday. Heineken said it intended to offer acceptable undertakings and that it was confident the CMA would then be able to approve the acquisition without an in-depth study. "This decision by the CMA acknowledges that there are only a small number of local areas where competition may be diminished due to our acquisition of the pubs," Heineken UK Managing Director David Forde said in a statement.
Britain's competition regulator said Heineken (LSE: 0O26.L - news) 's proposed takeover of Punch Taverns (Other OTC: PCTVF - news) would face an in-depth investigation unless the Dutch brewer offers to address competition concerns around 33 pubs. Heineken and investment partner Patron Capital struck a 403 million pound ($500 million) deal December to buy and break up Punch Taverns, paving the way for Heineken to become Britain's third-biggest pubs group.
Heineken on Friday announced the launch of new drink Heineken 0.0, an alcohol-free version of its flagship lager. Market research company Euromonitor International said on Thursday that the global alcoholic drinks market declined for the second year in a row in 2016. The trend for "clean living" in the US and European markets has led to slowdown in alcohol sales.
Heineken (LSE: 0O26.L - news) 's deal to acquire pub chain Punch Taverns (Other OTC: PCTVF - news) could be under threat as the Competition and Markets Authority (CMA) probes the agreement. The CMA has issued an 'invitation to comment' to interested parties as it looks at whether the deal, which will see Heineken take over almost 2,000 pubs in the UK, could result in a "substantial lessening of competition". Heineken, which is the second biggest brewer in the world, clinched a deal to take over the Punch Taverns company in partnership with private equity firm Patron Capital.
Dutch beer-maker Heineken (LSE: 0O26.L - news) has reported a hit to its profits due to volatility in global currency markets - partly thanks to the Brexit vote.. In its results for 2016, released on Wednesday, the company revealed its profit before tax dropped to £2.1bn compared with £2.4bn for 2015. Heineken said the fall was due to comparison with a one-off accounting gain the previous year - with underlying earnings up 9.9%.
Dutch beer-maker Heineken (LSE: 0O26.L - news) has reported a 15% drop in profits thanks in part to volatility in the currency markets following the EU referendum result. In its results for 2016, released on Wednesday, the company revealed its profit before tax dropped to £2.1bn compared with £2.4bn for 2015. The volatility in the pound following the Brexit vote has reportedly cost Heineken about £976m, with currency depreciation in other global markets also taking a toll.
Heineken is looking to pour new life into one of the U.K.'s great "institutions" as it continues to buy up British pubs.
United Breweries (BSE: UBL.BO - news) , India's top brewer which is part-owned by global giant Heineken NV (LSE: 0O26.L - news) , has asked liquor tycoon Vijay Mallya, its non-executive chairman, to step down from the board, the company said. Mallya, mired in a growing series of legal battles following the collapse of his Kingfisher (Frankfurt: 812861 - news) airline, was last month charged with conspiracy and fraud by India's Central Bureau of Investigation. The move by the board of United Breweries, which makes and sells Kingfisher beer in India, follows a regulatory order and a meeting of its independent directors, the company said in a filing with the stock exchanges late on Wednesday.
Heineken NV (LSE: 0O26.L - news) is closing in on its acquisition of some 1,900 pubs in Britain after an investment vehicle linked to the Dutch brewer increased its stake in Punch Taverns (Other OTC: PCTVF - news) . Heineken and partner Patron Capital agreed to buy and break up Punch at 180 pence per share for a total of 403 million pounds ($502 million) and have already won over Punch's board and its top three shareholders representing 52.3 percent of its shares. Heineken said in a statement on Monday that Vine Acquisitions Ltd, the bid vehicle of Heineken and Patron, had built up a stake of about 28.5 percent of Punch by Feb. 3.
Punch Taverns (Other OTC: PCTVF - news) has agreed to a carve-up of its pub estate in a £403m deal which will see Dutch brewer Heineken (LSE: 0O26.L - news) become the UK's third largest operator. Heineken, which also owns the Strongbow and Foster's brands, is paying £305m to swallow up 1,900 pubs, while partner Patron Capital will take on 1,300. The agreement saw the bidders fight off a rival proposal from Punch co-founder Alan McIntosh.
Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Heineken NV (LSE: 0O26.L - news) and investment partner Patron Capital have struck a 403 million pound ($500 million) deal to buy and break up Punch Taverns (Other OTC: PCTVF - news) , in a move that would make the Dutch brewer Britain's third-biggest pubs group. "They are continuing to ask questions, which they have a right to do," Billingham said.
Dec (Shanghai: 600875.SS - news) 14 (Reuters) - Dutch brewer Heineken and an investment partner are in advanced takeover talks with Punch Taverns, Punch said on Wednesday, but face competition from a higher rival bid from one of the British pub company's founders. Shares (Berlin: DI6.BE - news) in Punch, Britain's second-biggest pub operator, jumped as much as 39 percent on Wednesday after it said it had received a "proposal" from Patron Capital Advisers, working with Heineken, about a possible cash offer of 174 pence per share, and "an approach" from Emerald Investment Partners about a possible cash offer at 185 pence per share.
Heineken (LSE: 0O26.L - news) has been involved in a secret takeover battle to gain control of Punch Taverns (Other OTC: PCTVF - news) , one of Britain's biggest pub operators. Shares (Berlin: DI6.BE - news) in Punch spiked by 36% after Sky News revealed that the multibillion-pound Dutch brewer - which is also behind the Strongbow and Foster's brands - has made an approach to the board. Heineken is facing competition from Alan McIntosh, a wealthy entrepreneur who was one of the company's founders.