LUXEMBOURG/ARGENTINA: Court rejects Heineken suit
Heineken alleged that the deal agreed between Quinsa and AmBev in May was in breach of a contract it had with Quinsa giving it first refusal on any merger with its Argentine joint venture partner. Heineken owns 15% of Quinsa and the two have been operating together since 1984.
Heineken was seeking an injunction in the court in Luxembourg, where Quinsa is incorporated, to block the deal for six months to give it time to bring a case against the merger at the International Chamber of Commerce in Paris.
The global roll-out of InBev's Brazilian beer, Brahma, adds a third premium brand to the global brewer's international portfolio but some observers have suggested it's an unnecessary step which threat...
Functional soft drinks are relatively undeveloped in Latin America in comparison with Europe but there is significant growth potential. Hope Lee of industry analysts, Euromonitor International, examin...
ING has raised its target for Heineken's share price after analysing the brewer's options to save costs....
Heineken's CEO-in-waiting has no plan to radically alter the brewer's strategy, he said in an interview today....
Heineken has restructured its top management, in a move that includes the retirement of current CEO and chairman Thony Ruys from October this year....
Heineken said yesterday that its Austrian subsidiary Brau Union AG has signed an agreement for the divestment of its Real Estate Division. This division comprises all non-business related real estate ...
Heineken has acquired a 40% stake in a Chinese brewery....
Heineken Espana is looking to invest heavily in a new plant in southern Spain....
- Bacardi Seeks Own History at Bombay Sapphire Home
- NPD: The Craft Cocktail Revolution
- No Home Comfort for TWE as Bids Collapse
- Interview - WoSA chief executive
- Private-equity bids "over" - TWE head
- Suntory Holdings to split beer, spirits division
- Diageo's Smirnoff Sours
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- 'Carlsberg suspends production at Russian brewery'