Heineken reveals boost from S&N takeover

Brewing giant Heineken today said its recent takeover of Scottish & Newcastle helped boost half-year results after it hiked prices and slashed costs.

Heineken reveals boost from S&N takeover
Wed, 26 Aug, 2009 - 15:55

Brewing giant Heineken today said its recent takeover of Scottish & Newcastle helped boost half-year results after it hiked prices and slashed costs.

The world’s third largest brewer saw beer volumes rise 3.8% in the six months to June 30, lifted by deals such as the S&N acquisition. With takeovers stripped out, sales fell 6.6%.

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