HeinekenÂ’s expansion plans in emerging markets has continued with the acquisition of two breweries in Central America for $229m.
The Dutch brewer has taken a 25% stake in Florida Bebidas Costa Rica as well as Consorcio Cervecero Centroamericano in Nicaragua.
Heineken bought the shares from Costa Rican beer group Florida Ice and Farm Company, which has brewed beer for Heineken in the region since 1986.
Last week Heineken CEO Anthony Ruys said the company had bought Egyptian brewer Al Ahram for $287m to expand in North Africa. He added Heineken was looking to buy more companies in Russia, China and Latin America, as he unveiled an 11% rise in half year sales.
The Dutch brewer has taken a 25% stake in Florida Bebidas Costa Rica as well as Consorcio Cervecero Centroamericano in Nicaragua.
Heineken bought the shares from Costa Rican beer group Florida Ice and Farm Company, which has brewed beer for Heineken in the region since 1986.
Last week Heineken CEO Anthony Ruys said the company had bought Egyptian brewer Al Ahram for $287m to expand in North Africa. He added Heineken was looking to buy more companies in Russia, China and Latin America, as he unveiled an 11% rise in half year sales.
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