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GERMANY: Heineken to acquire German brewer

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Dutch brewer Heineken said today that its German joint venture has made a binding offer to acquire 90.7 % of the shares of Würzburger Hofbräu AG.

The acquisition, priced at €34m, is being made through Kulmbacher Brauerei AG, a subsidiary of Brau Holding International AG (the joint−venture between Heineken (49.9%) and Schörghuber Corporate Group (50.1%).

The transaction is subject to regulatory approval.

Jean Francois van Boxmeer, member of the Executive Board of Heineken said: "With this acquisition we further expand our presence in one of the world's biggest beer markets, by forming a strong chain of leading regional breweries in Southern Germany, offering regional premium beer brands."

The Würzburger Hofbräu, founded in 1643, is located in the northern Bavarian region of Franconia, Germany.

The company owns two breweries, in Würzburg and in Poppenhausen, and is the main brewer in the region with a sales volume of 360,000 hectolitres.

The brand portfolio includes the company's leading brand Würzburger Hofbräu and the brands Werner Bräu, Lohrer Bier and Wächtersbacher.


Sectors: Beer & cider

Companies: Heineken

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