Heineken and Efes end their partnership in Kazakhstan.

By bne IntelliNews December 24, 2012
Dutch beer maker Heineken N.V. and Efes Breweries International N.V. decided to end the partnership in Kazakhstan and Serbia. Heineken will sell a 28% stake in Efes Kazakhstan to Efes which is a subsidiary of Anadolu Efes. In exchange, Heineken will buy Efes' 28% stake in Central Europe Beverages which is the holding company for Serbia. As a result of the deals, Efes will pay USD 161mn to Heineken. The transactions are expected to be completed by May 2013. Turkish Efes will strengthen its position on the Kazakh market.

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