Reuters: Regulatory News: UPDATE 1-AB InBev to buy 51 pct of Dominican brewer CND

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-AB InBev to buy 51 pct of Dominican brewer CND Apr 16th 2012, 13:27 Mon Apr 16, 2012 9:27am EDT LONDON, April 16 (Reuters) - Anheuser Busch InBev, the world's biggest brewer, on Monday agreed to buy around a 51 percent stake in the Dominican Republic brewer Cerveceria Nacional Dominicana (CND) from two sellers for over $1.2 billion. The Budweiser brewer is paying around $1 billon for a 41.76 percent stake in the Dominican Republic's leading brewer from majority shareholder E. Leon Jimenes, which itself owns 83.5 percent of CND, and also will pay $237 million for Heineken's 9.3 percent stake in CND. The Belgium-based brewer said the deal will create the leading beverage company in the Caribbean region with businesses in beer, malt and soft drinks, and operations in the Dominican Republic, Antigua, St Vincent and Dominica. Last month, Reuters reported that AB InBev and Heineken were in a race to buy CND.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions