NEW ZEALAND: DB to halt Aussie Heineken production
DB Breweries will stop producing Heineken for the Australian market at the end of this year. New Zealand's second-largest brewer said today that it will halt production as a result of one of its major shareholders moving to make the brand there.
Last week, Heineken International and Lion Nathan announced that they will set up a joint venture to manufacture and distribute the beer in Australia. DB Breweries expects to keep producing for Australia until the end of this year. It does not expect the new joint venture to affect its brewing of Heineken in New Zealand.
DB has been exporting Heineken beer in kegs for the last five years.
Asia Pacific Breweries, a joint venture of Singapore's Fraser & Neave and global brewing giant Heineken, holds around 77% of DB Breweries.
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