AUSTRALIA: Heineken Lion Nathan JV confirmed
Lion Nathan has confirmed details of its joint venture with Heineken in Australia. The Australian brewer said earlier today that the new joint venture will focus on producing and selling Heineken's premium beer brands in the country. Financial figures regarding the move were not disclosed.
The current managing director of Heineken's Australian unit, Hans-Erik Tuijt, will head the joint venture, Lion Nathan said.
The joint venture will enable the two breweries to increase significantly their activities in Australia, the companies said.
Heineken controls Lion's main rival in New Zealand, DB Group. DB is 76%-owned by Singapore-based Asia Pacific Breweries (APB) Group, which in turns in turn is 42.5%-owned by Dutch brewer Heineken NV and 38% by local soft drinks group Fraser & Neave.
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 ...
Demand and profit problems for Australian wine producers in both home and export markets are becoming more apparent....
Heineken has acquired a 40% stake in a Chinese brewery....
Heineken Espana is looking to invest heavily in a new plant in southern Spain....
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