Core Viewpoint - Heineken N.V. has successfully placed €2 billion of Notes across three tranches to support general corporate purposes, including acquisitions [2][3]. Group 1: Notes Issuance Details - The Notes will be issued under the Company's Euro Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange [3]. - The maturity dates of the Notes are set for 3 October 2028, 3 May 2034, and 3 October 2037 [3]. - The breakdown of the Notes includes €500 million 3-year Notes with a coupon of 2.565%, €750 million 8.6-year Notes with a coupon of 3.505%, and €750 million 12-year Notes with a coupon of 3.872% [8]. Group 2: Underwriters - BNP Paribas, Deutsche Bank, ING, JP Morgan, and Rabobank acted as active book runners for the Notes issuance [3]. Group 3: Company Overview - Heineken is recognized as the world's most international brewer, with a diverse portfolio of over 340 international, regional, local, and specialty beers and ciders [6]. - The company operates in more than 70 countries and employs over 85,000 individuals, focusing on innovation, brand investment, and sustainability [6].

Core Points - Heineken N.V. has successfully placed €2 billion of Notes across three tranches [2][3] - The proceeds from the Notes issuance will be utilized for general corporate purposes, including acquisitions [3] - The Notes will be listed on the Luxembourg Stock Exchange and are issued under the Company's Euro Medium Term Note Programme [3] Summary by Category Notes Details - The issuance includes €500 million 3-year Notes with a coupon of 2.565% [7] - It also includes €750 million 8.6-year Notes with a coupon of 3.505% [7] - Additionally, there are €750 million 12-year Notes with a coupon of 3.872% [7] Maturity Dates - The maturity dates for the Notes are set for 3 October 2028, 3 May 2034, and 3 October 2037 respectively [3] Underwriters - BNP Paribas, Deutsche Bank, ING, JP Morgan, and Rabobank acted as active book runners for the issuance [3]

Group 1 - Heineken Group announced a $3.2 billion cash acquisition of Florida Ice and Farm Company's beverage and retail business, strengthening its market position in Central America [1] - The acquisition will provide Heineken with full control of Distribuidora La Florida and Heineken Panama, expanding its operations into El Salvador, Guatemala, and Honduras, and acquiring 75% of Nicaragua Brewing Holding [1] - Key assets from the acquisition include the well-known Costa Rican beer brand "Imperial," a soft drink business with PepsiCo bottling rights, and over 300 retail outlets in the region [1] Group 2 - Heineken emphasized the significant growth potential and expanding profit pool in the Central American market, particularly focusing on Costa Rica to capture local consumption upgrades and market expansion benefits [2] - As of the latest market close, Heineken's stock price has risen 8% year-to-date, reflecting market recognition of its strategic positioning [2]

Core Viewpoint - HEINEKEN has signed a binding agreement to acquire FIFCO's beverage and retail businesses, enhancing its presence in Central America and aligning with its EverGreen strategy for growth and premiumization [2][3][6] Acquisition Details - The transaction involves acquiring a multi-category beverage portfolio and proximity retail business from FIFCO, including a 75% stake in Distribuidora La Florida and full ownership of HEINEKEN Panama [4][7] - Total cash consideration for the acquisition is approximately US$3.2 billion, with an acquisition multiple of 11.6x EV/EBITDA based on 2024 results [7][12] Strategic Rationale - The acquisition strengthens HEINEKEN's position in high-potential markets with large profit pools, particularly in Costa Rica, which will become one of HEINEKEN's top 5 operating companies by operating profit [3][12] - The deal allows HEINEKEN to integrate FIFCO's iconic brands and market expertise, driving innovation and growth across the region [6][9] Financial Impact - The transaction is expected to be immediately accretive to HEINEKEN's operating margin and earnings per share (EPS) [7][12] - Post-transaction, HEINEKEN's net debt is expected to increase by €3.2 billion, with a modest increase in the pro forma Net Debt/EBITDA ratio [19] Market Position - HEINEKEN will gain a leading position in the beverage market in Costa Rica, with significant volumes in beer (approximately 2.0 million hectoliters), soft drinks (approximately 2.5 million hectoliters), and a strong beyond beer portfolio [12] - The acquisition includes a well-established retail network with over 300 proximity outlets in Costa Rica and operations extending into El Salvador, Guatemala, and Honduras [8][12] Next Steps - The transaction is subject to regulatory approvals and FIFCO shareholder approval, with completion expected in H1 2026 [14][19]

The Reserve Bank of India (RBI) recently said it has revoked the licences of 31 non-bank financial companies (NBFCs), including two little-known Kolkata-based firms linked to fugitive liquor baron and Kingfisher Airlines founder Vijay Mallya. These two companies are Kamsco Industries and Pharma Trading Co., which are registered at the same Kolkata address and once held stakes in United Breweries—a company long associated with Mallya. Mint takes a look at these companies and what their businesses are all ab ...

Amid a tough consumer backdrop, Dutch brewer Heineken ( OTCQX:HEINY )( OTCQX:HINKF ) is probably doing about as well as can be expected. Like peers, Heineken did serve up pretty weak volumes in the first half of the year, although that didn't preventI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and pred ...

This milestone marks growing mainstream acceptance of non-alcoholic beer and changing social drinking norms.Heineken® 0.0 now on draught in nearly 60% of Irish outlets and over 2,000 venues in the UK and Spain, showing strong demand for alcohol-free options. Amsterdam, 10 September 2025 – HEINEKEN today announced the installation of a Heineken® 0.0 draught at its 10,000th outlet in Europe. This milestone marks the company’s leadership in the non-alcoholic beer category and underscores the mainstream accep ...

Core Insights - Heineken N.V. is progressing with its €1.5 billion share buyback program, having reported on the first €750 million tranche [1][4] Group 1: Share Buyback Program Details - From August 11 to August 15, 2025, Heineken repurchased a total of 179,455 shares at an average price of €68.17 [2] - During the same period, an additional 179,385 shares were repurchased from Heineken Holding N.V. [2] - As of August 15, 2025, a cumulative total of 3,945,537 shares have been repurchased under the program, amounting to €297,280,524 [2] Group 2: Communication and Reporting - Heineken publishes a weekly overview of the share buyback program on its website every Monday [3] - The company adheres to regulatory obligations as outlined in EU regulations regarding buyback programs [4] Group 3: Company Overview - Heineken is recognized as the world's most international brewer, with a diverse portfolio of over 340 beer and cider brands [5] - The company operates in more than 70 countries, emphasizing sustainability and innovation in its business practices [5]

Core Insights - Heineken Group reported a decline in operating profit by 7.1% year-on-year for the first half of 2025, amounting to €1.433 billion, with global beer sales down by 1.2% to 11.64 million kiloliters [1] - The company experienced a significant growth in the Chinese market, with licensed beer sales increasing by over 30%, contributing to a rise in market share [1][2] - The European market faced challenges, with organic net revenue declining by 4% and sales down by 4.7%, primarily due to stalled negotiations in Western European supermarkets and reduced demand in Poland and Austria [1] - The Americas market also showed a slight decline, with net revenue down by 0.8% and sales down by 1.2%, although Mexico's growth helped mitigate some losses [1] - The Asia-Pacific and Middle East-Africa markets were the main growth drivers, with the Asia-Pacific region seeing a 3.1% organic growth in beer sales, and licensed beer sales soaring by 32.1% [1] Financial Performance - Heineken's total revenue for the first half of 2025 reached €16.924 billion [1] - The Middle East and Africa markets reported a 19.8% increase in net revenue and a remarkable 102.8% increase in operating profit [3] - The company anticipates that overall sales for 2025 will remain roughly flat, with an expected organic growth in operating profit of 4% to 8% for the year [3] Market Strategies - Heineken has intensified its marketing efforts in China, achieving double-digit growth in its unique offerings, with specific brands like Heineken Star Silver and Red爵 seeing significant sales increases [2] - The company has partnered with China Resources Beer to enhance its market presence, becoming an official supplier at major sporting events [2]

Core Insights - Heineken's revenue for the first half of 2025 was €16.924 billion, with a volume of 11.64 million hectoliters and an operating profit of €1.433 billion, all showing a year-on-year decline [1] - The company attributed part of the revenue decline to the strength of the euro, but reported organic growth in net revenue of 2.1%, organic growth in revenue per hectoliter of 3.3%, and organic growth in operating profit of 7.4% compared to the first quarter [1] Group 1: Market Performance - Global beer sales for Heineken decreased by 1.2% compared to the same period last year, with Europe experiencing the largest decline [2] - In Europe, net revenue fell by 4% and sales volume dropped by 4.7%, attributed to stalled negotiations in Western Europe and declining sales in Poland and Austria [2] - The Americas saw a smaller decline, with net revenue down 0.8% and sales volume down 1.2%, as growth in Mexico was offset by declines in Brazil and the U.S. [2] Group 2: Regional Growth - The Asia-Pacific and Africa-Middle East markets, which are smaller than Europe and the Americas, showed significant growth, with Africa-Middle East net revenue increasing by 19.8% and operating profit rising by 102.8% [4] - The Asia-Pacific market saw the highest beer sales growth, with an organic increase of 3.1%, driven by strong performances in Vietnam, India, Myanmar, and Laos [4] - In China, Heineken's licensed beer sales grew by over 30%, with specific brands like Heineken Silver and Red爵 seeing substantial increases [4] Group 3: Marketing Strategy - Heineken has intensified its marketing efforts in China, becoming an official supplier for the "Super League" alongside local brands, marking a shift from its previous sponsorship of only top-tier international events [5] - The company maintains its forecast for organic operating profit growth of 4% to 8% for the year, consistent with prior expectations [5]