Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 05 30T201430Z 1 LYNXMPEJ4T0P8 RTROPTP 4 MEXICO COCA COLA FEMSA BRAZIL
2023 05 30T201430Z 1 LYNXMPEJ4T0P8 RTROPTP 4 MEXICO COCA COLA FEMSA BRAZIL

Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares


Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares

MEXICO CITY (Reuters) – Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heineken, the second large offering in its divestment of holdings in the Dutch brewer.

The shares are equivalent to a stake of about 5.9% in Grupo Heineken, the Mexican company said in a statement. FEMSA announced in February an offering of around 3 billion euros worth of common shares in Heineken N.V. and Heineken Holding N.V, after saying it would sell its 14% stake in the European company over the next three years.

Filings later showed FEMSA had sold some of the shares. Heineken bought around 1 billion euros of the shares across both of its entities, while American tycoon Bill Gates bought 10.8 million shares – or a 3.76% stake – in the Dutch beverage giant from FEMSA.

FEMSA also announced Tuesday a simultaneous offer of up to 250 million euros of bonds exchangeable for shares of the Dutch brewer due in 2026.

The new bonds “will be consolidated and form a single series” with the ones issued in February for around 500 million euros at a rate of 2.625% and maturing within two years, it said.FEMSA’s shares on the Mexican stock market fell 0.26% after the announcement, after an initial 0.04% gain. They still outperformed the main Mexican stock index which fell 1.4% on Tuesday.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

($1 = 0.9084 euros)

 

(Reporting by Raul Cortes; Writing by Isabel Woodford; Editing by Richard Chang)

 

Recent Post: