Royal Unibrew's sale of breweries in the Caribbean to Cerveceria Nacional Dominicana (CND)
Royal Unibrew's sale of breweries in the Caribbean to Cerveceria Nacional Dominicana (CND)
February 12, 2010 at 12:00 AM EST
fond-ru-04-2010-uk.pdf 160.1 KB
Company Announcement No 4/2010 12 February 2010 In relation to the conditional agreement between Royal Unibrew and CND to sell Royal Unibrew's own-ership shares in certain breweries in the Caribbean (see Company Announcements No 23/2009 of 12 Au-gust 2009 and No 27/2009 of 6 November 2009), the following is announced: • All preconditions for closing the deal have now been met except for one. • In one of the islands, the Government has decided to grant a given licence to the purchaser. The decision has been confirmed by the Minister of Finance; however, the administration has not yet formally issued the document. • Royal Unibrew and CND expect the written confirmation from the local administration to be avail-able during the coming weeks. • The deal is therefore expected to be closed during the coming weeks and a Company Announce-ment will be issued at that time. • As previously announced, this transaction will reduce Royal Unibrew's interest-bearing debt by just below DKK 200 million, and the net selling price of the shares is at the level of their carrying amount (see also Company Announcement No 23/2009 of 12 August 2009). Please direct any questions to me at tel +45 5677 1513. Yours sincerely Royal Unibrew A/S Henrik Brandt CEO