CENTRAL AMERICA: Heineken extends reach with $229m of acquisitions

By Chris Brook-Carter | 17 September 2002

The Dutch breweing giant Heineken is to take a stake in two Central American brewers as it tries to develop its business in the region. The total value of the move is approximately US$229m. Heineken will acquire a 25% stake in the Costa Rican brewery Florida Bebidas S.A. (FB), the main subsidiary of Costa Rican beer group Florida Ice and Farm Company (FIFCO).

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The Dutch breweing giant Heineken is to take a stake in two Central American brewers as it tries to develop its business in the region. The total value of the move is approximately US$229m. Heineken will acquire a 25% stake in the Costa Rican brewery Florida Bebidas S.A. (FB), the main subsidiary of Costa Rican beer group Florida Ice and Farm Company (FIFCO).

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