The company plans to up its share of Brasserie Nationale d’Haiti (Brana) from 22.5% to 95%. The shares are currently owned by Brana’s management and private shareholders. Financial details were not disclosed.
The transaction is subject to conditions and is expected to be completed in January 2012.
John Nicolson, regional president Americas for said: “The Haitian beer market has shown solid year-on-year growth, but remains relatively underdeveloped. A growing population together with increased political and economic stability creates good prospects for continued growth. Brana is uniquely positioned to benefit from this environment with its leading brands, local brewery and nationwide distribution network.”
Brana’s brands include Prestige, Malta H and Guinness (licensed). Heineken acquired its initial 22.5% stake in the company in the 1980’s.