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Netherlands: Heineken brewery silent on rumored sale of Finnish company

By  |  February 5, 2013
Netherlands: Heineken brewery silent on rumored sale of Finnish company

While Heineken has confirmed to the media that it is, indeed, working with JP Morgan to review its Finnish business Hartwall, the brewer declined to confirm or deny whether the work with JP Morgan was also part of a plan to sell Hartwall for an expected $788 million. The brewer, based in the Netherlands, said it expects to finish its review of its Finnish arm and PepsiCo licensee by the end of the year in efforts to drive growth of the company. UK media reported earlier that Heineken’s plans included selling Hartwall, but a spokesperson for the brewery declined to confirm those reports. Heineken acquired Hartwall in 2008 from UK brewer Scottish & Newcastle.

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