Although a Luxembourg court yesterday rejected its request to extend a freeze on the planned deal, Heineken, which owns 15% of Quilmes and maintains it had first refusal on increasing its participation, said it would still be asking the International Chamber of Commerce in Paris to adjudicate on the case.
LUXEMBOURG/ARGENTINA: Heineken to continue with challenge
Global brewing force, Heineken, has said it will continue with its legal challenge to the $600m merger deal between its Argentinean partner, Quilmes Industrial SA (Quinsa), and the Brazilian drinks force, AmBev.
June 26, 2002