HOLLAND: Heineken charge announcement hits shares
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.
Dutch brewer Heineken is rumored to have released a self-chilling beer can....
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....
Grupo Empresarial Bavaria is not looking to sell up, its president has confirmed....
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