Heineken Increases Stake to 97% in Dinal Brewery, Kazakhstan.Business Editors AMSTERDAM, The Netherlands--(BUSINESS WIRE)--June 8, 2004 Heineken N.V. today announced that it has reached an agreement with its Kazakhstani co-shareholders to increase its stake in Kazakhstan based Dinal LLP LLP - Lower Layer Protocol from 51% to 97%. Heineken has financed the transaction from its available cash resources. The acquisition represents a further strengthening of Heineken's position in fast growing beer markets. The enlarged position in Kazakhstan will make a further development of the brewery A brewery can be a building or place that produces beer, or a business (brewing company) whose trade is the production and sale of beer. Breweries can take up multiple city blocks, or be a collection of equipment in a homebrewer's kitchen. possible and create a platform for growth of the Heineken brand, imported from Russia. Heineken acquired its initial 28% stake in 1999, the year in which the Dinal brewery commenced production, and raised its stake to a controlling stake of 51% in 2002. Dinal LLP has a market share of 8.8% with the local brand Tian Shan Tian Shan or Tien Shan (both: tēĕn shän) [Chin.,=celestial mountains], mountain system of central Asia, extending c.1,500 mi (2,410 km) from the Pamir Mts. and the international brand Amstel. It is the number 4 brewery in the country. The sales capacity of the brewery is 300,000 hectolitres and the estimated sales volume for 2004 is 225,000 hectolitres. In 2003 the net turnover amounted to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7 million. The brewery employs 200 people. Kazakhstan has extensive oil deposits and other natural resources. The country has a growing economy and a growing beer market. The local beer market of Kazakhstan had a total volume of about 2.3 million hectolitres in 2003. Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. . Prices for the ordinary shares may be accessed on Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. under the symbols HEIA NA and HEHN NA and on the Reuter Equities 2000 Service under HEIA.AS and HEHN.AS. Additional information is available on Heineken's home page: http://www.heinekeninternational.com. |
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