Heineken N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
28 jan 2008 - 08:01
Statutory name
Heineken N.V.
Title
Heineken partners with Efes Breweries in Uzbekistan, Serbia and Kazakhstan
Comments
Amsterdam, 28 January 2008 – Heineken N.V. announced today that it has established a joint venture with Efes Breweries International N.V. (“EBI”) in order to invest in the Uzbek beer market through the acquisition of breweries.
Under the terms of the agreement, Heineken and EBI will hold 40% and 60% of the shares in the joint venture, respectively, with EBI responsible for operational management.
Uzbekistan has an estimated population of 27 million, a beer market showing double-digit growth and current estimated per capita beer consumption of 11 litres.
In addition, Heineken and EBI have also announced that they intend to combine their operations in the Kazakh and Serbian beer markets. Both of these transactions will be subject to the customary regulatory approvals and are expected to be completed in the first half of 2008.
In Kazakhstan, EBI is the second largest brewer with a 25% market share. The company operates two breweries with a total annual capacity of 2.1 million hectolitres. Heineken is the fifth largest brewer in the market with a 5% market share and an annual capacity of 400,000 hectolitres. Following the completion of the proposed transaction, Heineken and EBI would hold 28% and 72% respectively of the combined Kazakh business.
In Serbia, EBI is the third largest brewer in the market with 10% market share. The company operates two breweries with a total annual capacity of 1.4 million hectolitres On December 5th 2007, Heineken announced that it intends to acquire the Rodic Brewery in Serbia, the country’s fourth largest brewer with a 7% market share and an annual capacity of 1.5 million hectolitres. Following the completion of the proposed transaction with EBI, Heineken and EBI would hold 72% and 28% respectively of the combined Serbian business.
Nico Nusmeier, Regional President Central and Eastern Europe, Heineken N.V., commented: “We are delighted to join forces with such a strong business partner as EBI. With the combined resources, skills
Date last update: 08 June 2025