The company is set to acquire Heinekens Finnish unit

The company is set to acquire Heineken's Finnish unit

Denmark's Royal Unibrew has gained regulatory approval for its EUR470m (US$613m) acquisition of Heineken's Finnish unit, Hartwall, with the deal set to complete soon. 

In an announcement today (20 August), Royal Unibrew said that it has received the go-ahead from Estonia's competition authorities and its “business partners”. The deal was first announced last month after rumours initially surfaced in April.

“The transaction is expected to be realised as soon as possible,” the statement said. 

Royal Unibrew operates in the beer, malt and soft drinks markets in Nordic and Baltic countries. Its beer brands include Ceres, Faxe and Albani, while its largest brand is Royal. 

A Finnish member will be elected to Royal Unibrew's board once the deal is completed, the company said.