Heineken to Buy Back EUR330 Million of its Shares in Femsa Equity Offer
30 Mayo 2023 - 12:39PM
Noticias Dow Jones
By Michael Susin
Heineken N.V. said Tuesday that it intends to buy its own shares
from the Fomento Economico Mexicano offering of both Heineken and
Heineken Holding N.V. shares. The Dutch brewer said that of Femsa's
total offering of around 3.3 billion euros ($3.53 billion) it will
purchase 10%, funded from existing cash resources and committed
credit facilities.
Heineken said that Femsa will also offer senior unsecured
exchangeable bonds in the aggregate principal amount of up to
EUR250 million, which are exchangeable into shares of Heineken
Holding N.V.
The impact is expected to be minimal and will be
earnings-per-share accretive, it added.
"Heineken and Heineken Holding N.V. will not be issuing or
selling shares as part of the Femsa equity offering and will not
receive any proceeds from it," it added.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
May 30, 2023 13:24 ET (17:24 GMT)
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