HOLLAND: Heineken Brau Union purchase on course
Heineken insists that its plans to buy Brau Union Hungaria will go ahead on schedule, despite suggestions that legal arguments may delay the transaction. A spokesman for the Dutch brewer said yesterday that the acquisition will not be delayed.
Media reports yesterday, centred around a company court in Hungary ordering the suspension of Brau Union's AGM decisions, suggested Heineken's acquisition has been held up.
Several shareholders of Brau Union Hungaria, including Hungarian investment fund Concorde Alapkezelo, have filed a complaint against Heineken's takeover bid with the company court.
It is still unknown when the court will consider the case, the spokesman for Heineken said.
Heineken currently holds an 85% share in Brau Union Hungaria.
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