Heineken alleged that the deal agreed between Quinsa and AmBev in May was in breach of a contract it had with Quinsa giving it first refusal on any merger with its Argentine joint venture partner. Heineken owns 15% of Quinsa and the two have been operating together since 1984.
LUXEMBOURG/ARGENTINA: Court rejects Heineken suit
A Luxembourg court has rejected the suit brought by Heineken which attempted to block the $600m merger deal agreed between the Argentinean brewing group, Quilmes Industrial (Quinsa), and Brazilian drinks corporation, AmBev.
June 25, 2002