Royal Unibrew A/S (CPSE:RBREW) agreed to acquire Vrumona BV from Heineken N.V. (ENXTAM:HEIA) for ?300 million on July 3, 2023. This consideration is on a debt free basis. Vrumona? posted net revenue ?200 million and EBITDA ?25 million for the year ended 2022 and resulting in an acquisition multiple of (EV/EBITDA) of 12 times. The transaction is dependent on one regulatory approval in a small Royal Unibrew export market as well as a customary works council process on the seller?s side of the transaction. Closing of the transaction is expected to close in either September or October of 2023. Gaby Smeenk, Klaas de Vries, Barbara Kloppert, Henk van Ravenhorst, Bart de Rijke, Roos van der Poel, Arjan Kleinhout and Axel Arnbak of De Brauw Blackstone Westbroek N.V. acted as legal advisor to Heineken N.V. (ENXTAM:HEIA). Nomura acted as sole financial advisor to Heineken. Herman Boersen and Roman Tarlavski of CMS von Erlach Partners acted as legal advisor to Royal Unibrew A/S. As of September 12, 2023, the part of acquisition was funded through sale of 430,000 existing treasury shares, resulting in gross proceeds of approximately ?33.33.611 million (DKK 250.7 million) for Royal Unibrew.

Royal Unibrew A/S (CPSE:RBREW) completed the acquisition of Vrumona BV from Heineken N.V. (ENXTAM:HEIA) on September 29, 2023.