News

NETHERLANDS: Heineken to hand more shares to FEMSA

Most popular

Mangrove MD warns of coronavirus impact on spirits

Advice for brewers in the time of COVID-19

Could coronavirus make for more caring companies?

Provenance and quality not enough for spirits - II

Coronavirus special - US Distilled Spirits Council

MORE

Heineken has said that it has begun the latest phase of its deal to hand shares to Fomento Económico Mexicano (FEMSA), in exchange for ownership of its FEMSA Cerveza brewer.

//i4.aroq.com/1/Heineken-logo.jpg

Heineken said today (6 September) that it will buy back up to EUR225m (US$316.6m) of its own shares before the end of October. The shares will then be handed to FEMSA.

Once the entire process is complete, FEMSA will hold a 20% stake in Heineken. In June, the Netherlands-based brewer hit the halfway stage in its programme of handing shares to the Mexican company.


Related Content

Volumes hit expected as OXXO ends Heineken exclusivity in Mexico - market data

Volumes hit expected as OXXO ends Heineken exclusivity in Mexico - market data...

FEMSA makes 163% killing from Heineken stake sale

FEMSA makes 163% killing from Heineken stake sale...

Dual distribution in Brazil must continue, Heineken told

Dual distribution in Brazil must continue, Heineken told...

Is FEMSA trying to bloody Heineken's nose with stake sale? - Editor's Viewpoint

Is FEMSA trying to bloody Heineken's nose with stake sale? - Editor's Viewpoint...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?