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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Heineken Holding    HEIO   NL0000008977

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Heineken : UK Regulator Accepts Heineken/Punch Pub Sales

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08/18/2017 | 08:45am CEST

By Ian Walker

The U.K. Competition and Markets Authority said Friday it has accepted a proposal from Heineken Holding N.V. (>> Heineken Holding) to sell a number of pubs, and therefore won't refer the Dutch brewer's merger with Punch Taverns PLC (>> Punch Taverns plc) for further investigation.

Last June the U.K. regulator said Heineken's proposed acquisition of part of the Punch Taverns estate could reduce competition in 33 local areas across Britain, and sought remedies to address its concerns.

Heineken has now offered to sell pubs in each of the affected areas to preserve competition and ensure customers in these locations don't lose out.

The CMA said it is satisfied that its concerns have been addressed and has therefore decided that the merger won't be referred for an in-depth phase-two investigation.

Write to Ian Walker at [email protected]; @IanWalk40289749

Stocks mentioned in the article : Heineken Holding, Punch Taverns plc
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Financials (€)
Sales 2017 22 045 M
EBIT 2017 3 548 M
Net income 2017 1 920 M
Debt 2017 -
Yield 2017 1,52%
P/E ratio 2017 24,99
P/E ratio 2018 21,98
Capi. / Sales 2017 1,07x
Capi. / Sales 2018 1,01x
Capitalization 23 656 M
Chart HEINEKEN HOLDING
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Heineken Holding Technical Analysis Chart | HEIO | NL0000008977 | 4-Traders
Technical analysis trends HEINEKEN HOLDING
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 85,8 €
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Jean-François M. L. van Boxmeer Chief Executive Officer
Maarten Das Chairman
Laurence Debroux Chief Financial Officer
Charlene Lucille de Carvalho-Heineken Executive Director
Charlotte Machteld Kwist Non-Executive Director
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