Shares in Heineken took a knock earlier today (3 November) following its decision to take a €190m impairment charge on its stake in Kaiser. The Dutch brewer announced today that it will take the charge on its 20% stake in the Brazilian brewer and reduce the carrying value of its investment to zero.

At 9.33 am, Heineken was 0.16% higher at 24.75, while the AEX was up 0.54% at 336.07.

FBS Bankiers analyst Peter Koster reiterated the 'reduce' recommendation, repeating that investors should expect Heineken news in the second half to be negative.

Koster said that Heineken took the impairment charge was 'no surprise' but that the amount is 'much larger' than expected.