JP Morgan does first deal for BBAG

JP Morgan has worked on its first deal for BBAG, the Austrian drinks company due to be bought by Dutch rival Heineken.

BBAG's management started looking for a strategic partner in January, and has now secured a deal to be acquired by Heineken for €1.9bn ($2.1bn). Although JP Morgan started working with BBAG about two and a half years ago to examine its strategic options, the Heineken deal is the first one to materialise.

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