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Heineken, AB InBev Eye Dominican Brewer - Reuters

03/27/2012 | 12:38pm US/Eastern

(Adds no comment from AB InBev.)

Heineken NV (>> HEINEKEN) and Anheuser-Busch InBev NV (>> AB INBEV) are jostling for the acquisition of Dominican brewer Cerveceria Nacional Dominicana, Reuters reports Tuesday, citing sources.

According to the report, CND is valued around $1.5 billion.

Heineken already owns a 9.3% stake in CND, the Dominican Republic's largest brewer, whose brands include Presidente and Bohemia.

Both Heineken and AB InBev declined to comment to Dow Jones Newswires Tuesday.

Full story: http://uk.reuters.com/article/2012/03/27/us-beer-dominicanrepublic-idUKBRE82Q0FC20120327

-By Robert van den Oever, Dow Jones Newswires; +31205715201; robert.vandenoever@dowjones.com

Stocks mentioned in the article : AB INBEV, HEINEKEN
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