22 December, 2004

Hungary: Brau Immobilien’s purchase of a stake in Brau Union Hungaria has been postponed. The decision over the Austrian brewery’s takeover bid is held back by PszAF, the Hungarian market watchdog. The reason for the deferral was not disclosed. Brau Immobilien is a unit of Heineken, which also owns the Austrian Brau Union Group.

On 5 November, PSzAF ordered Heineken to provide more information on how it arrived at the buyout price offered to minority shareholders. PSzAF ruled on 6 December that Brau Immobilien had to offer a more favourable euro-to-forint exchange rate to minority shareholders.

Brau Immobilien complied with the regulation on 13 December.

Înapoi

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