$1.2B Earns Anheuser Majority Stake In Presidente Brewer

Law360, New York (April 16, 2012, 5:37 PM EDT) -- Belgian beer giant Anheuser-Busch InBev NV has taken a majority hold in Dominican Republic-based Cerveceria Nacional Dominicana, maker of the popular Presidente brand, through two separate transactions totaling $1.2 billion, the company announced Monday.

Anheuser-Busch unit Ambev Brasil Bebidas SA is buying up Heineken NV's 9.3 percent stake in the company for $231 million and injecting $1 billion into a new joint venture with E. León Jimenes SA, which owns an 83.5 percent stake in the Dominican brewer. Together, the deals will give Ambev Brasil a...
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