Royal Unibrew to buy Heineken's Vrumona (updated)

Royal Unibrew A/S

03/07/2023 08:10

(Adds CEO quote, detail on deal)
       COPENHAGEN, July 3 (Reuters) - Danish brewer and
beverage group Royal Unibrew  RBREW.CO  has agreed to buy soft
drinks maker Vrumona from Heineken  HEIN.AS  for 300 million
euros ($327 million), it said on Monday.
    Royal Unibrew said in a statement it expected to close the
deal in September or October and it would finance it through
committed extended financing facilities with existing banks. 
        "Vrumona will become a new growth platform for Royal
Unibrew in continental Europe and is expected to drive organic
earnings growth in the coming years," CEO Lars Jensen said.
  
         Royal Unibrew expects the acquisition of Vrumona, which
is located near Utrecht in the Netherlands, be
earnings-per-share accretive in 2024, it said. 
  
        ($1 = 0.9183 euros)

 (Reporting by Louise Breusch Rasmussen, editing by Anna
Ringstrom)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))