Carvalho-Heineken is one of the richest women in the world

Carvalho-Heineken is one of the richest women in the world

Heineken has blamed an administrative error after its controlling shareholder failed to properly report stock purchases, leading to a EUR375,000 (US$443,000) fine. 

Charlene de Carvalho-Heineken, who owns 25% of the company, “inadvertently” did not report transactions made last year to buy additional Heineken shares, the Netherlands Authority for the Financial Markets (AFM) said. The transactions were part of a plan by Carvalho-Heineken to buy shares worth up to EUR100m.

Carvalho-Heineken reported the error to the AFM as soon as it was discovered. Her fine was reduced from EUR500,000 by 25% because of a “lower degree of culpability”. 

Carvalho-Heineken is not planning to appeal the decision, the AFM said. 

According to Forbes, Carvalho-Heineken is one of the richest women in the world, worth US$11.2bn. She inherited the controlling stake in Heineken from her father and former Heineken CEO & chairman Freddy Heineken. She sits on the company's executive board and last year her son, Alexander de Carvalho, was also appointed to the board.

Last month, Heineken revealed it had rejected a takeover approach from its rival SABMiller