The families controlling Heineken are looking to boost their stake

The families controlling Heineken are looking to boost their stake

The two families that control Heineken have revealed plans to up their stake in the brewer. 

The Heineken and Heyer families, through their investment vehicle L'Arche Green, said yesterday (26 August) that they plan to buy “up to a maximum” of EUR100m (US$133.3m) more shares in Heineken Holding, the unit which owns half of Heineken. L'Arche Green currently has a 51.083% stake in Heineken Holding. 

The families have instructed a bank to buy the shares on the open market between 9 September and 9 July 2014.

L'Arche Green made similar moves in 2010 and 2011, acquiring a total of an extra EUR100m-worth of shares in Heineken Holding.