Nigeria Content Online

Dutch brewer,
Heineken NV, said on Monday it had halted production in Egypt as
tension rises in the country in the face of ongoing street protests
against the rule of President Hosni Mubarak.

A spokesman for the
company revealed that it is not immediately clear when production will
be resumed or what the financial impact will be from the production
halt. Heineken had earlier repatriated 29 Dutch nationals from Egypt.

“Regional volumes
and profitability will suffer from the situation, but the contribution
to the group is limited, also implying a limited impact on Heineken’s
bottom-line earnings,” SNS Securities said in a research note.