GlobeNewswire

HEINEKEN, The Coca-Cola Company and the Coca-Cola System in Brazil announce redesigned distribution partnership

Share

Amsterdam, 24 February 2021 - Heineken N.V. ('HEINEKEN'), The Coca-Cola Company and the Coca-Cola System in Brazil have reached an agreement (the “Agreement”) to redesign their longstanding distribution partnership in Brazil. The Agreement marks a new milestone in the relationship among the companies; it re-aligns the interests of all parties for the future and builds on a solid historical foundation.

As per the Agreement, expected to become effective mid-2021, the parties will begin a smooth transition of the Heineken® and Amstel brands to HEINEKEN Brazil’s distribution network. The Coca-Cola System in Brazil will continue to offer Kaiser, Bavaria and Sol, and will complement this portfolio with premium brand Eisenbahn and other international brands. The Agreement allows the parties to better serve consumers and customers in the Brazilian market with a solid portfolio, building on the positive momentum developed over many years of successful collaboration.

Additionally, as part of the redesign of the distribution partnership, the parties will have more flexibility. Subject to certain mutually-agreed upon terms established in the Agreement, the Coca-Cola System in Brazil will be able to produce and distribute alcoholic beverages and other beers in a certain proportion to HEINEKEN’s portfolio and HEINEKEN will be able to explore further opportunities in the non-alcoholic segment. This will allow Brazilian consumers to benefit from a wider array of options.

Mauricio Giamellaro, Managing Director HEINEKEN Brazil commented: “I am very pleased to redefine our distribution partnership with the Coca-Cola System in Brazil. Through a dual route to market, we will be able to reach and better serve our consumers and customers with our broad portfolio, leveraging two strong distribution systems.”

Luis Felipe Avellar, President Coca-Cola Brazil & South Cone Operations commented: “Our companies have a long partnership history in Brazil, and we are pleased to reach a new agreement that will serve consumers for many years to come.”

Ricardo Mello, President of the Association of Coca-Cola Bottlers in Brazil commented: “This new agreement is positive news not only for the parties involved but for our Brazilian clients and consumers as well.”

The parties have agreed to an initial term until December 31, 2026 with automatic renewal for another 5-year term subject to the terms of the Agreement. The Agreement is subject to customary regulatory approvals. As part of the Agreement, the parties have agreed to end the existing litigation between them relating to the previous distribution agreements.

ENDS
Press enquiries                                           
Sarah Backhouse / Michael Fuchs
E-mail: pressoffice@heineken.com                            
Tel: +31-20-5239-355                                             

Investor and analyst enquiries
Federico Castillo Martinez / Janine Ackermann / Robin Achten
E-mail: investors@heineken.com
Tel: +31-20-5239-590

Editorial information

About HEINEKEN
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. It employs over 84,000 employees and operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY).
Most recent information is available on HEINEKEN's website: www.theheinekencompany.com and follow us on LinkedIn, Twitter and Instagram.

Attachment


About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

RomReal: 2021 Annual General Meeting Minutes and Annual information overview23.4.2021 20:00:00 CEST | Press release

Please see attached Minutes of the RomReal 2021 AGM held today Friday 23 April 2021 at the Company's registred office in Bermuda. Issuers of listed transferable securities are, according to the Securities Trading Act section § 5-11 required to provide Oslo Stock Exchange with a document listing all relevant information they have made available to the public over the preceding 12 months in compliance with their legal obligations. Attached is an overview of all information made available to the public from RomReal in the period 24 April 2020 until 23 April 2021. For further enquiries please contact: investors@romreal.com This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments NewsWeb_APR2020_APR2021RR 2021 AGM mins - 230421

RomReal: Mandatory notification of insider trade - Chairman and CEO of RomReal Kjetil Gronskag23.4.2021 17:57:11 CEST | Press release

Kjetil Gronskag, Chairman and CEO of RomReal Ltd has today 23 April 2021, purchased 100 shares of RomReal at NOK 1.85 per share in RomReal Ltd. Following this trade, Kjetil Gronskag controls privately and through holding companies 4,544,127 shares in RomReal Ltd. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

GrandVision's Annual General Meeting (AGM) 2021 adopts all resolutions23.4.2021 16:30:00 CEST | Press release

GrandVision's Annual General Meeting (AGM) 2021 adopts all resolutions Schiphol, the Netherlands - 23 April 2021. GrandVision N.V. (Euronext: GVNV) announced today that its Annual General Meeting (AGM) has approved all resolutions on the agenda of the AGM. The adopted resolutions are listed below: • Adoption of the Annual Accounts for the financial year 2020 as drawn up by the Management Board and signed by the Managing Directors and the Supervisory Directors on 25 February 2021 • Advisory vote on the approval of the remuneration report 2020 • Proposal on dividend distribution for the financial year 2019 of EUR 0.35 per share • Discharge of Managing Directors for their management during the financial year 2020 • Discharge of Supervisory Directors for their supervision of management during the financial year 2020 • Re-appointment of Mr. P. Bolliger as Supervisory Board Director • Re-appointment of Mr. J. Cole as Supervisory Board Director • Appointment of PricewaterhouseCoopers Accounta

CONDITIONS FOR PURCHASES OF CORPORATE BONDS23.4.2021 16:20:00 CEST | Press release

Bid procedure, 2021-04-28BondsBonds issued in SEK by Swedish non-financial undertakings. The following bonds are eligible for delivery: VACSE AB: SE0010833012, 2023-09-12 VACSE AB: SE0011062876, 2022-06-07 VASAKRONAN AB: XS1941844174, 2022-02-11 VASAKRONAN AB: XS2048590439, 2022-11-29 NOBINA: SE0012194165, 2024-02-13 VOLVO TREASURY AB: XS2075216395, 2022-11-04 VOLVO TREASURY AB: XS1921474844, 2023-12-13 HOLMEN AB: SE0011426238, 2023-11-24 HOLMEN AB: SE0011281567, 2022-05-23 Delivery of a Bond may not occur if the Counterparty has purchased the Bond from the issuer more recently than one month prior to the date of announcement of the Special terms, that is, the purchase may not have taken place after: 2021-03-28Bid date2021-04-28Bid times10.00-11.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SE0010833012: 30 mln SEK +/-30 mln SEK SE0011062876: 30 mln SEK +/-30 mln SEK XS1941844174: 30 mln SEK +/-30 mln SEK XS2048590439: 30 mln SEK +/-30 mln SEK SE0012194165

CONDITIONS FOR RIKSBANK BID PROCEDURE KOMMUNINVEST BONDS23.4.2021 16:20:00 CEST | Press release

Bid procedure, 2021-04-27BondsKOMMUNINVEST I SVERIGE: 2505. SE0011414010. 2025-05-12 KOMMUNINVEST I SVERIGE: 2611, SE0012569572, 2026-11-12 BidsBids on interest and volume are entered via Bloomberg Bond Auction SystemBid date2021-04-27Bid times10.00-11.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)2505: 750 mln SEK +/-350 mln SEK 2611: 500 mln SEK +/-250 mln SEK Highest permitted bid volume (corresponding nominal amount)2505: 750 mln SEK per bid 2611: 500 mln SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 50 million per bidExpected allocation timeNot later than 11.15 (CET/CEST) on the Bid dateDelivery and payment date2021-04-29Delivery of bondsTo the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383General Terms and ConditionsGeneral Terms and Conditions General Terms and Conditions för the Riksbank’s Purchases of Bonds via Bid Procedure 2020:3. dated 20 November 2020 (see the Riksbank´s web). S

CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK COVERED BONDS23.4.2021 16:20:00 CEST | Press release

Bid procedure, 2021-04-29BondsSWEDBANK HYPOTEK AB: 192. SE0010133207. 2023-03-15 STADSHYPOTEK AB: 1591, SE0013882644, 2026-06-01 SWEDISH COVERED BOND: 144., SE0011167428, 2023-06-21 SKANDINAVISKA ENSKILDA: 580, SE0013101722, 2025-12-17 LANSFORSAKRINGAR HYPOTEK: 519, SE0012324341, 2026-09-16 DANSKE HYPOTEK AB: 2312, SE0011116474, 2023-12-20 NORDEA HYPOTEK AB: 5535, SE0013358413, 2025-09-17 Bid date2021-04-29Bid times09.00-10.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)192: 800 mln SEK +/-400 mln SEK 1591: 2000 mln SEK +/-1000 mln SEK 144.: 700 mln SEK +/-350 mln SEK 580: 700 mln SEK +/-350 mln SEK 519: 600 mln SEK +/-300 mln SEK 2312: 200 mln SEK +/-100 mln SEK 5535: 1000 mln SEK +/-500 mln SEK Highest permitted bid volume (corresponding nominal amount)192: 800 mln SEK per bid 1591: 2000 mln SEK per bid 144.: 700 mln SEK per bid 580: 700 mln SEK per bid 519: 600 mln SEK per bid 2312: 200 mln SEK per bid 5535: 1000 mln SEK per bid Lowest permitted bid volu

CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER23.4.2021 16:20:00 CEST | Press release

Bid procedure, 2021-04-28CertificateCommercial paper issued in SEK by non-financial companies with their registered office in Sweden and with a remaining maturity of up to six months on the Bid date. i.e. with the latest maturity date as of 2021-10-28 Delivery may not be made in commercial paper purchased by the Counterparty from the issuer less than one week prior to the date for announcing the Special terms, i.e. the purchase may not have been made after 2021-04-16 BidsCounterparties may make one bid per Credit rating class and maturity class. Bids are made to tel 08-696 69 70 and confirmed by e-mail to EOL@riksbank.se.Bid date2021-04-28Bid times09.00-09.30 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SEK 4 billionHighest permitted bid volume (corresponding nominal amount)The total bid volume from one Counterparty for the two Credit rating classes may not exceed SEK 4 billion. No bid may contain Commercial paper in excess of SEK 250 million issued by the s