Notes to the Consolidated Financial Statements (continued)
34. HEINEKEN entities
Control of HEINEKEN
35. Subsequent events
Acquisition of Brasil Kirin Holding S.A.
Report of the
Report of the
Annual Report 2016
The shares and options of the Company are traded on Euronext Amsterdam, where the Company is included in the main AEX Index.
Heineken Holding N.V. Amsterdam has an interest of 50.005% in the issued capital of the Company. The financial statements of the Company
are included in the consolidated financial statements of Heineken Holding NV
A declaration of joint and several liability pursuant to the provisions of Section 403, Part 9, Book 2, of the Dutch Civil Code has been issued with
respect to legal entities established in the Netherlands. The list of the legal entities for which the declaration has been issued is disclosed in the
Heineken NV stand-alone financial statements.
Pursuant to the provisions of Section 357 of the Republic of Ireland Companies Act 2014, the Company irrevocably guarantees, in respect of
the financial year from 1 January 2016 up to and including 31 December 2016, the liabilities referred to in Schedule 3 of the Republic of Ireland
Companies Act 2014 of the wholly-owned subsidiary companies Heineken Ireland Limited, Heineken Ireland Sales Limited, The West Cork Bottling
Company Limited, Western Beverages Limited, Beamish Crawford Limited and Nash Beverages Limited.
Set out below are HEINEKEN's significant subsidiaries at 31 December 2016. The subsidiaries as listed below are held by the Company and the
proportion of ownership interests held equals the proportion of the voting rights held by HEINEKEN. The country of incorporation or registration
is also their principal place of business. The disclosed significant subsidiaries represent the largest subsidiaries and represent an approximate total
revenue of EUR 13 billion and total asset value of EUR 22 billion and are structural contributors to the business.
There were no significant changes to the HEINEKEN structure and ownership interests.
Percentage of ownership
Country of incorporation
Heineken International B.V.
Heineken Brouwerijen B.V.
Heineken Nederland B.V.
Cuauhtémoc Moctezuma Holding, S.A. de C.V.
Cervejarias Kaiser Brasil S.A.
Heineken France S.A.S.
Nigerian Breweries Plc.
Heineken USA Inc.
Heineken UK Ltd.
Heineken Espana S.A.
Heineken Italia S.p.A.
Brau Union Österreich AG
Grupa Zywiec S.A.
LLC Heineken Breweries
Heineken Vietnam Brewery Limited Company
None of the non-controlling interests are considered to be material to HEINEKEN.
On 13 February 2017, HEINEKEN announced that it had reached an agreement with Kirin Holdings Company Limited to acquire Brasil Kirin Holding
S.A. for a consideration of EUR 664 million (enterprise value of EUR 1,025 million for HEINEKEN). Through the acquisition HEINEKEN acquires Kirin's
Brazilian activities. The transaction is expected to close in the first half of 2017.