The Dutch group, Heineken International has decided to launch a Public Offer to the minority shareholders of Heineken Espana due to the illiquid state of the market and to avoid the dividend payments over the next few years because of high interest charges and amortization costs associated with the purchase of the Cruzcampo assets.

At this stage Heineken International has already 84.74% stake in Heineken Espana.

Heineken Espana has actually 36% share of the Spanish beer market through its Aguila-Amstel, Cruzcampo and Heineken brands.

07 September, 2001