Heineken To Sell Glassworks To Rexam
February 11, 2004
Heineken N.V., a leading international brewer, has signed a letter of intent to sell its 100% subsidiary Glas Moerdijk B.V. to Rexam Beverage Packaging Euro Holding B.V. Heineken is selling the company debt free for a consideration of 43 million euros, of which approximately 40 million euros is earmarked to repay the debt of Glas Moerdijk. The transaction is subject to the necessary approvals, and part of the transaction will be a supply agreement. Rexam has a long-standing relationship with Heineken and supplies both cans and glass containers.