BELGIUM: Heineken silent on De Koninck bid
Heineken after De Koninck?
Heineken has declined to comment on a report that it is seeking to acquire the De Koninck brewery in Belgium.
Both Heineken and Duvel Moortgat have shown interest in De Koninck, said a report in Belgium's De Tijd newspaper today (16 June), citing unnamed sources.
A Heineken spokesperson declined to comment to just-drinks on the speculation.
A sale of family-owned De Koninck could fetch tens of millions of euros, said De Tijd.
Antwerp-based De Koninck was founded in 1827 and produces a range of beers under its namesake brand, as well as under the Gusto brand.
Last month, Heineken's Alken Maes business completed the merger by acquisition of another Heineken subsidiary, Affligem Brewery, in Belgium.
M&A activity within the beer sector this year has been limited to just the one big transaction, in Mexico. Larry Nelson believes, however, that 2010 could have served as the calm before the storm, wit...
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