Société Des Brasseries Et Glacières Internationales S.A. agreed to acquire an additional 16.33% stake in Societe Anonyme des Brasseries du Cameroun from Heineken Holding N.V. and others for approximately €120 million.

Société Des Brasseries Et Glacières Internationales S.A. (BGI) made an offer to acquire an additional 16.33% stake in Societe Anonyme des Brasseries du Cameroun (ENXTPA:BCAM) from Heineken Holding N.V. (ENXTAM:HEIO) and others for approximately €120 million on January 21, 2020. BGI will pay €128.5 per share. Post completion, BGI in concert with Société Nationale d'Investissement du Cameroun will hold 100% stake in BCAM.

Olivier Guignon of Corporate Finance Alantra acted as a financial advisor to Société Des Brasseries Et Glacières Internationales S.A. Pierre Tourres of Linklaters LLP (France) acted as legal advisor to Société Des Brasseries Et Glacières Internationales S.A.