The total enterprise value of the transaction amounts to €470m. The transaction is expected to close in the fourth quarter of 2013 at the latest and is subject to customary closing conditions, including anti-trust approvals.
Heineken and Royal Unibrew have also agreed on the principles of extending their existing partnership to the effect that, for the next 10 years, Royal Unibrew will obtain a licence to brew Heineken beer for Finland, Estonia, Latvia and Lithuania.
At the moment, Royal Unibrew already brews the Heineken brand in Denmark and distributes the brand in the Baltic countries.
In addition, Hartwall will remain the exclusive distributor of Heineken’s global and international brands in Finland, including Sol, Strongbow, Newcastle Brown Ale, Krušovice and Murphy’s Irish Stout, and will continue to brew Foster’s beer under licence in the country.
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