Heineken posts loss on China write-down
The Hague (AFP) July 29, 2024
Dutch brewer Heineken posted a 95-million-euro ($102-million) loss for the first six months of the year on Monday as its investment in China's biggest beer company took a hit.
The company took an 874-million-euro write-down from the decline in valuation of its stake in China Resources Beer, whose share price has fallen on the Hong Kong stock exchange.
Heineken acquired 40 percent of the
Dutch brewer Heineken posted a 95-million-euro ($102-million) loss for the first six months of the year on Monday as its investment in China's biggest beer company took a hit.
The company took an 874-million-euro write-down from the decline in valuation of its stake in China Resources Beer, whose share price has fallen on the Hong Kong stock exchange.
Heineken acquired 40 percent of the