HEINEKEN Response to CMA Decision
Amsterdam, 13 June 2017 - HEINEKEN N.V. (EURONEXT: HEIA; OTCQX: HEINY) notes today`s decision by the Competition and Markets Authority (the `CMA`) to refer the proposed acquisition by Heineken UK Limited (`HEINEKEN`) of Punch Securitisation A (`Punch A`) for a Phase 2 investigation unless HEINEKEN offers acceptable undertakings to address points raised by the CMA.
HEINEKEN intends to offer acceptable undertakings and is confident that these will enable the transaction to be approved by the CMA without a Phase 2 referral.
David Forde, Managing Director for HEINEKEN UK said:
"We welcome this positive step towards completing our acquisition of Punch A. This decision by the CMA acknowledges that there are only a small number of local areas where competition may be diminished due to our acquisition of the pubs in Punch A. We are confident we can offer the CMA suitable undertakings to satisfy their concerns."
ENDS
Press enquiries
John-Paul Schuirink
E-mail: pressoffice@heineken.com
Tel: +31-20-5239-355
Michael Fuchs
E-mail: pressoffice@heineken.com
Tel: +31-20-5239-355
Investor and analyst enquiries
Sonya Ghobrial
E-mail: investors@heineken.com
Tel: +31-20-5239-590
Chris MacDonald
E-mail: investors@heineken.com
Tel: +31-20-5239-590
Note to editors:
Further information is available in a section 2.7 Announcement which is available
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/13068712.html
Information relating to HEINEKEN UK and HEINEKEN N.V.
HEINEKEN UK
HEINEKEN UK is one of the UK`s leading cider and beer producers and the company behind brands such as Strongbow, Bulmers, Heineken®, Foster`s, John Smith`s and Desperados. HEINEKEN UK is the HEINEKEN Group`s main operating entity in the UK and employs around 2,000 people across seven sites in the UK with offices, breweries and cider production facilities in Edinburgh, Tadcaster, Manchester, London, Hereford and Ledbury. HEINEKEN UK operates the Star Pubs & Bars business with a UK-wide estate of 1,049 pubs which has delivered an attractive profit margin and cash return to HEINEKEN UK.
HEINEKEN UK is a wholly owned indirect subsidiary of HEINEKEN N.V.
HEINEKEN N.V.
HEINEKEN is the world`s most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a powerful portfolio of more than 250 international, regional, local and specialty beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We employ over 73,500 employees and operate more than 165 breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (HEINY) and Heineken Holding N.V. (HKHHY). Most recent information is available on HEINEKEN`s website: www.theHEINEKENcompany.com and follow us on Twitter via @HEINEKENCorp.
Information relating to Patron Capital and Vine Acquisitions