Heineken Buys EUR1 Billion Worth of Shares From Femsa
17 Febrero 2023 - 1:53AM
Noticias Dow Jones
By Ian Walker
Heineken NV said Friday that it has bought 1 billion euros
($1.07 billion) worth of shares from Fomento Economico Mexicano SAB
de CV.
The Dutch brewer said that it has bought 7.8 million shares in
the company at EUR91 each and 3.9 million shares of Heineken
Holding NV at EUR75 each.
On Wednesday, Femsa said that it planned to sells its investment
in the Dutch brewer as part of a focus on its retail, Coca-Cola
Femsa and digital businesses.
It said it would sell its investment in Heineken subject to
market conditions and that its directors will resign from the
Heineken boards.
Femsa owned 8.6% of Heineken's issued share capital, according
to FactSet data.
"Participation in this equity offering through the purchase of
Heineken and Heineken Holding NV shares represents a unique
investment opportunity and reflects our confidence in the evergreen
strategy, which continues to gain momentum. Our strong balance
sheet allows us to take advantage of this opportunity," CEO and
Chairman of the Executive Board Dolf van den Brink said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 17, 2023 02:38 ET (07:38 GMT)
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