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EYGPT: Heineken completes purchase of ABC for $280m

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Heineken, the Dutch brewing giant, has been successful in its bid to acquire the Egyptian Al Ahram Beverages Company. Heineken made a public bid on 13 September for all shares of the Egyptian Al Ahram Beverages Company. The offering period ended today. In total 20,035,480 shares, or 97.8% of the company, have been offered to Heineken for US$14 per share. The total acquisition price was therefore US$280m. The transaction will be executed on 29 September.


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