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Heineken Prepares for Megabrew With Estimate-Beating Sales

  • Dutch brewer set to become distant industry number two
  • Company has halted share buyback program after recent deals
Bottles of Heineken lager beer sit on display in the Heineken NV Experience bar
Photographer: Jasper Juinen/Bloomberg
Updated on

Heineken NV reported estimate-beating sales growth boosted by a warm European summer as the world’s third-largest brewer prepares to become a distant number two.

So-called organic revenue increased 7.5 percent, the Amsterdam-based company said on the day that Anheuser-Busch InBev NV was given another week by U.K. regulators to make a formal takeover offer for SABMiller Plc. That topped the 3.9 percent median of 14 estimates. The shares rose as much as 4.6 percent in Amsterdam.