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Heineken CEO: Beverage Market Down in West

2:20 AM ET Wed, 24 Aug 2011

"We have low trading levels, and low consumer confidence, particularly in the Northern Hemisphere. We have had a lot of positive developments in the developing part of the world - if we think about Asia, the Middle East and Africa, these markets are very strong, and that compensates a lot," Jean-Francois van Boxmeer, CEO of Heineken, told CNBC.