FEMSA announces price of US$3.74B to acquire its 14% stake in Heineken; FEMSA is Heineken's second-largest shareholder

Sample article from our Food & Beverage

February 17, 2023 (press release) –

Mexico's Femsa announced Thursday an offer of common shares of Heineken N.V. and Heineken Holding N.V. and unsecured bonds of the second for an amount of about 3,000 and 500 million euros , respectively, after announcing the day before its decision to sell its stake in the Dutch brewery.

Femsa informed on Wednesday that in a period of two to three years, it would place its shares in Heineken in the market, which are equivalent to 14.% of that firm, and will use the resources to pay part of its debt and finance its future growth through greater capital investments (CAPEX).

The Mexican company said in a statement that Heineken N.V. committed to repurchase its shares in this offer for at least 707 million euros , as well as those of Heineken Holding N.V. for at least 296 million euros . Separately, on Thursday, the Dutch company also confirmed its intention to participate.

Femsa's shares rose around 6% earlier in the day, following the announcement of the divestment in the Dutch brewer, and increased its climb to around 9% after the report of the offer.

Its shares were heading for their best day in two years and were at the top of the leading S&P/BMV IPC index, which groups the most traded shares in the domestic market, and started the day with a slight decline.

According to Femsa, it is expected that the final price of the simultaneous share offering will be determined on Friday, settlement will take place four days later and the closing of the exchangeable bond offering will take place on the 24th of this month. Investors will have the opportunity to participate in both processes, he added.

In addition, he detailed that he also expects L'Arche Green N.V. , the company through which the Heineken family exercises control of Heineken Holding N.V. , to participate in the share offering.

"The company is clearly addressing its issues," analysts at Actinver Research said in a note, noting that the market should welcome the divestment, as investors were "concerned" about the company's growth and its complex corporate structure.

Source: Reuters


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order food & beverage coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.