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Apr 13, 2012  15:04 PM

Heineken to divest minority stake in Dominican Republic Brewery CND

 

(beveragemanager.net) - The company announced that it will sell its 9.3% minority shareholding in Cervecería Nacional Dominicana (CND) in the Dominican Republic for US$ 237 million, ultimately to AmBev Brasil.

Closing of the transaction is expected to take place in the second quarter of 2012 and subsequently Heineken expects to realise a post-tax exceptional book gain of approximately EUR 130 million. (bmg)

   
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