L’Arche Green NV, an investment company of Heineken NV’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.