Heineken buys two Central American breweries.
FIFCO has been brewing Heineken brands since 1986. Recently, FIFCO also began brewing Heineken for export in the Central American region.
In a statement, Heineken said it stood to gain further exposure in growing beer markets. "The acquisition is another step in Heineken's drive for an optimal balance in its activities between mature and growing beer markets," it said.
Heineken said it will finance the transaction from its available cash resources. Both the Costa Rican and Nicaraguan beer markets are expected to grow substantially in coming years.
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|Title Annotation:||25% stakes in Florida Bebidas, Consorcio Cervecero Centroamericano|
|Publication:||Modern Brewery Age|
|Article Type:||Brief Article|
|Date:||Sep 23, 2002|
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