MEXICO: Regulator clears Heineken FEMSA Cerveza buy

By | 30 March 2010

Heineken, FEMSA deal on-track

Heineken, FEMSA deal on-track

Heineken has received the green light from Mexico's competition regulator to acquire FEMSA Cerveza, the country's second largest brewer.

Mexican authorities cleared the deal without imposing any conditions, FEMSA Cerveza parent firm Fomento Economico Mexicano (FEMSA) said yesterday (29 March).

It said that both companies still expect to complete the deal in the second quarter of 2010.

Heineken announced in January that it would acquire FEMSA Cerveza in an all-share deal, valued at around EUR3.8bn (US$5.5bn) excluding debt.

FEMSA will take a 20% stake in Heineken in return for yielding ownership of all of FEMSA's Mexican beer business, its US export business and 83% of the Brazilian beer business that Heineken does not already own.

"Through this deal we become a much stronger, more competitive player in Latin America, one of the world's most profitable and fastest growing beer markets," said Heineken's CEO and chairman, Jean-François van Boxmeer.

For more analysis on the deal, click here.

Sectors: Beer & cider, Mergers & acquisitions

Companies: FEMSA, Heineken

View next/previous articles

Currently reading -

MEXICO: Regulator clears Heineken FEMSA Cerveza buy

There are currently no comments on this article

Be the first to comment on this article

Related articles

just the Round-Up - The week in drinks

The top ten stories published on just-drinks this week:

just the Facts: The world's top drinks brands

Consultancy group Interbrands has published its list of the top 100 brands in the world by value. Here, just-drinks picks out the best performers from the drinks sector.

GLOBAL: Budweiser fends off Heineken, Corona challenge

Budweiser remains the most valuable alcoholic drinks brand in the world after the self-styled 'King of Beers' fended off challenges from Heineken and Corona Extra, according to consultancy group Interbrand.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page