NewsWhore
04-13-2012, 01:50 PM
Speculation is rife in the case of the sale of Presidente Beer to foreign beer companies. The sale is imminent, sources say, but the buyer has still not been confirmed. A local website elsiglo21.com announced that Heineken, that was a shareholder of the Cerveceria Nacional Dominicana (CND) brewery with 10% share, would be the buyer, in a US$1.6 billion deal. Earlier Wall Street Journal had speculated that Anheuser-Busch InBev NV (and its local affiliate AmBev) would be the buyer of the Presidente Beer brewery. The elsiglo21.com website says that the deal would be signed on Monday, 16 April. El Siglo reported that the deal was handled by Bank of America as financial advisor together with financial consultant Cynthia Vega and the local firm CT Vega y Asociados.
As reported, the government would receive a windfall of no less than US$300 million in taxes, according ot the report.
CND, founded in 1929, is one of several companies owned by Grupo Leon Jimenes, one of the Dominican Republic's largest companies, which also owns cigar companies and banking operations.
In addition to its Presidente and Bohemia brands, CND also distributes Miller and Corona beers in the Dominican Republic. CND operates a number of breweries in the region, including in Antigua and the British Virgin Islands. It also makes and sells malt, rum and other beverages in the Dominican Republic.
http://online.wsj.com/article/SB10001424052702304444604577338162620000118.html
www.reuters.com/article/2012/04/11/abinbev-cnd-idUSL3E8FBBQU20120411 (http://www.reuters.com/article/2012/04/11/abinbev-cnd-idUSL3E8FBBQU20120411)
http://www.elsiglo21.com/index.php/investigaciones-el-siglo/36576-heineken-asume-viernes-13-control-cnd-compra-acciones-leon-jimenes
More... (http://www.dr1.com/index.html#3)
As reported, the government would receive a windfall of no less than US$300 million in taxes, according ot the report.
CND, founded in 1929, is one of several companies owned by Grupo Leon Jimenes, one of the Dominican Republic's largest companies, which also owns cigar companies and banking operations.
In addition to its Presidente and Bohemia brands, CND also distributes Miller and Corona beers in the Dominican Republic. CND operates a number of breweries in the region, including in Antigua and the British Virgin Islands. It also makes and sells malt, rum and other beverages in the Dominican Republic.
http://online.wsj.com/article/SB10001424052702304444604577338162620000118.html
www.reuters.com/article/2012/04/11/abinbev-cnd-idUSL3E8FBBQU20120411 (http://www.reuters.com/article/2012/04/11/abinbev-cnd-idUSL3E8FBBQU20120411)
http://www.elsiglo21.com/index.php/investigaciones-el-siglo/36576-heineken-asume-viernes-13-control-cnd-compra-acciones-leon-jimenes
More... (http://www.dr1.com/index.html#3)