g)@
Notes to the Consolidated Financial Statements
13.5 Subsequent events
1 1 ^7 Heineken N.V. Report of the Report of the Financial Sustainability Other
11/ Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
Significant subsidiaries
Set out below are HEINEKEN's significant subsidiaries at 31 December 2020. 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 disclosed significant subsidiaries represent the largest subsidiaries and
represent an approximate total revenue of €14 billion and total asset value of €27 billion and are structural
contributors to the business.
There were no significant changes to the HEINEKEN structure and ownership interests.
Country of
incorporation
Percentage of ownership
2020
2019
Heineken International B.V.
The Netherlands
100.0
100.0
Heineken Brouwerijen B.V.
The Netherlands
100.0
100.0
Heineken Nederland B.V.
The Netherlands
100.0
100.0
Cuauhtémoc Moctezuma Holding, S.A. de C.V
Mexico
100.0
100.0
Cervejarias Kaiser Brasil S.A.
Brazil
100.0
100.0
Bavaria S.A.
Brazil
100.0
100.0
Heineken France S.A.S.
France
100.0
100.0
Nigerian Breweries Plc.
Nigeria
56.1
56.0
Heineken USA Inc.
United States
100.0
100.0
Heineken UK Ltd
United Kingdom
100.0
100.0
Heineken Espana S.A.
Spain
99.8
99.8
Heineken Italia S.p.A.
Italy
100.0
100.0
Brau Union Österreich AG
Austria
100.0
100.0
Grupa Zywiec S.A.
Poland
65.2
65.2
LLC Heineken Breweries
Russia
100.0
100.0
Heineken Vietnam Brewery Limited Company
Vietnam
60.0
60.0
SCC - Sociedade Central de Cervejas e Bebidas S.A.
Portugal
99.9
99.9
Heineken South Africa (Proprietary) Limited
South Africa
82.4
82.4
At the end of October 2020, HEINEKEN announced the acquisition of cider brand Strongbow from Asahi
Group Holdings Limited (Asahi) in Australia, along with two other cider brands, Little Green and Bonamy's.
As part of the transaction, HEINEKEN will also gain the perpetual licenses on beer brands Stella Artois and
Beck's in AustraliaThe transaction was completed on 6 January 2021 for €137 million.
