Starting with August 1st, Heineken Romania will absorb Haber Haţeg

On June 1st, Heineken Romania and Haber SA Haţeg have concluded a merger project, by which the former will absorb the latter. Haber SA is a company traded on the Rasdaq. The shareholders of the two companies had approved the merger process ever since April, according to an announcement published in the Official Gazette. The two companies belong to the same group of companies, and they actually own stakes in each other: Heineken Romania holds 8.55% of the share capital of Haber, whereas Haber owns 2.13% of the capital of Heineken Romania. The companies present the merger as a natural process, given the interdependence between them, as Heineken Romania operates on a plot of land of 70,546 square meters which it rents from Haber. Following the merger, Haber SA will transfer to Heineken Romania the entirety of its assets, with all the rights and obligations, as well as all ongoing contracts on the date of merger, which has been set for August the 1st.

Heineken Romania is set to contribute 906.043 million lei, and Haber SA will contribute 31.809 million lei.

Heineken România will issue shares with a face value of 2.5 lei to the shareholders of Haber, at a parity of 0.1915, meaning that for each share of Haber, its shareholders will receive 0.1915 shares in Heineken România. According to the merger project, Heineken România would have to issue 4,247,337 shares, on account of the 22,179,305 shares of Haber. Thus, Heineken Romania would be in the position of owning some of its own stock on account of the stake of 85.5% it owns in Haber (19,015,667 shares). However, the company waives the rights over those shares, and thus 3,163,638 of the new deeds which would be issued by Heineken Romania would be cancelled, which means only 605,837 new shares will be issued.

Following the merger, Brau Union AG will hold 96.79% of the shares of Heineken Romania, with the latter also holding 1.64% of its own shares.

• Heineken sold a company for 15.35 million lei

Heineken România sold a 99% stake in the shares of Militari Property Management to Spanish investment fund GED Real Estate Eastern Investments, following a deal worth 15.35 million lei, which was approved by the shareholders in May. The company Militari Property Management was created in 2010 and its line of business is the letting and subletting of its own or of third party real estate properties.

Heineken România has plants in Miercurea Ciuc, Târgu Mureş, Craiova and Constanţa and employs 1,100 people.

The fund was launched in 2006, is managed by Spanish company GED, and has a capital of 46 million Euros. The Fund focuses on real estate investments in South Eastern Europe, in particular in Romania and Bulgaria. The Spanish of GED have already developed two investments in Romania. In 2007 they have created Berceni Business Park, and in 2010 they have invested 5.2 million Euros in Fortuny Advisory, by exchanging a receivable of February 2010 into shares. Fortuny Advisory"s line of business is the selling and buying of its own real estate assets.

The portfolio of GED includes 27 companies, of which 11 in Eastern Europe, especially in Romania (Happy Tour, Paravion, Travel House, Diamedix, Bioservice, Total Energy Business, Rosegur, Fonomat, Inforpress and RED).