NETHERLANDS: Heineken completes FEMSA share buyback
Heineken completes FEMSA share buyback
Heineken said today (3 October) that all the shares will be delivered to FEMSA by the end of this month. It has so far delievered all but 1.07m shares to the Mexican group.
The share scheme was set up as part of Heineken's deal to acquire FEMSA' beer unit, FEMSA Cerveza, announced in early 2010. Heineken said today that, based on its current equity base, it expects to have 586.3m shares outstanding following the FEMSA buyback scheme. This figure, it said, is based on the weighted average of diluted shares in 2011.
Anheuser Busch InBev and Heineken are understood to be competing to buy the Dominican Republic's biggest brewer, Cerveceria Nacional Dominicana (CND), for US$1.5bn, according to reports. ...
Heineken has released a one-off television advert in the UK for its John Smith's beer brand, to coincide with this year's Grand National horse race....
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