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Heineken sells Mexican packaging unit to Crown for $1.2 bn

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Dutch brewing giant Heineken says it is selling its Mexican-based packaging business Empaque to US-based Crown Holdings in a deal worth more than one billion dollars

The Hague (AFP) - Dutch brewing giant Heineken on Monday announced selling Mexican-based packaging business Empaque to US-based Crown Holdings in a deal worth more than one billion dollars.

"Heineken... has signed a binding agreement for the sale of its Mexican package business Empaque. The total enterprise value of the transaction amounts to $1.225 billion (933 million euros), the brewer said in a statement.

[readon1 url="http://www.businessinsider.com/afp-dutch-heineken-to-sell-mexican-package-business-for-1.2bn-2014-9"]Source:www.businessinsider.com[/readon1]