Heineken Forms Jv In The Philippines With Asia Brewery

Heineken International BV has signed a joint venture agreement with Asia Brewery Inc, a large beverage producer in the Philippines, owned by LT Group Inc (LTG), a listed company with a diversified portfolio of consumer-focused businesses. Under the agreement, a new joint venture company, AB Heineken Philippines Inc., will be formed. The transaction is subject to customary closing conditions and operations are expected to commence in Q4 of 2016.