28 August Efes Breweries International N.V. has announced that the collaboration with Heineken N.V. in Serbia and Kazakhstan is in progress as planned.
As a result of a share issue, Heineken now owns 72% of Central Europe Beverages B.V. (CEB), the newly established holding entity based in Netherlands, which has the majority shareholdings in the operating entities in Serbia, while EBI retains 28% of CEB.
Similarly in Kazakhstan the relevant agreements were signed and the share transfers, which will give EBI and Heineken ownership of 72% and 28%, respectively, in the combined Kazakh business, will be completed upon the receipt of regulatory approvals.
No further details are disclosed at this stage.