L’Arche Green to Expand Its Stake in Heineken Holding
Stock Chart for Heineken NV (HEIA)
L’Arche Green NV, an investment company of Heineken NV (HEIA)’s founding family, plans to spend as much as 100 million euros ($134 million) adding to its majority stake in the vehicle that owns half of the beermaker’s stock.
L’Arche Green has mandated a bank to purchase the shares on the open market from Sept. 9 through July 9 to add to its 51.083 percent stake in Heineken Holding NV, it said in a press release today. The group performed two similar transactions for a total 100 million euros in 2010 and 2011, it said. A spokesman for L’Arche Green, which holds the Heineken and Hoyer families’ assets in the vehicle, declined to comment further.
“This is only a slight improvement of the position they have,” Tom Muller, an analyst at Theodoor Gilissen Bankiers NV in Amsterdam, said today by phone. “I don’t think they are aiming for a marvelous high percentage of the company.”
Heineken Holding owns 50 percent of Amsterdam-based Heineken NV, the world’s third-largest brewer. Heineken Holding dropped as much as 0.8 percent to 45.75 euros as of 10:37 a.m., while Heineken NV fell 0.5 percent to 52.47.
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