UPDATE 1-Heineken to sell Mexican can, bottle maker to Crown
* Deal price including debt $1.225 bln
* Heineken to book exceptional gain of 300 mln euros
* Empaque acquired in 2010 as part of FEMSA beer deal (Adds more on deal, Heineken in Mexico)
AMSTERDAM/BRUSSELS, Sept 1 (Reuters) - Dutch brewer Heineken has agreed to sell its Mexican packaging business Empaque to Crown for $1.23 billion including debt, shedding a non-core business it acquired when entering the Mexican market in 2010.
The world's third-largest beer maker said on Monday the sale would allow it to focus resources on brewing and marketing its lagers, ales and ciders.
Heineken said the sale of Empaque, which generated revenue of $660 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of $130 million in 2013, would result in a post-tax book gain of about 300 million euros ($394 million).
The deal will preserve Empaque's position as a can, cork and glass bottler supplier for Heineken through long-term contracts.
The Dutch company said it was already on course to reach its target of a net debt/EBITDA ratio below 2.5 times by the end of the year, when the deal was expected to close, although Monday's announced sale would give it further financial flexibility.
At the end of June, that ratio stood at 2.5 times. Continuación...