Brief: Heineken Purchases EUR 1 Billion In Shares From FEMSA

Heineken Holding NV

17/02/2023 07:13

Feb 17 (Reuters) - Heineken NV  HEIN.AS :
    * PURCHASES €1 BILLION IN SHARES FROM FEMSA
    * 7,782,100 SHARES IN HEINEKEN AT A PRICE OF EUR 91 PER
SHARE
(TOTALING EUR 708 MILLION)
    * 3,891,050 SHARES IN HEINEKEN HOLDING N.V. AT A PRICE OF
EUR 75
PER SHARE (TOTALING EUR 292 MILLION)
    * FEMSA ALSO PLACED EXCHANGEABLE BONDS FOR AN AMOUNT OF EUR
500
MILLION EXCHANGEABLE INTO HEINEKEN HOLDING N.V. SHARES
    * AS OF SETTLEMENT DATE, REMAINING SHARES IN HEINEKEN AND
HEINEKEN
HOLDING N.V. HELD BY FEMSA WILL BE SUBJECT TO A LOCK-UP PERIOD
OF 90 DAYS
    * PURCHASE IS PART OF ACCELERATED BOOKBUILD OFFERING BY
FEMSA OF
EUR 1.9 BILLION IN SHARES IN HEINEKEN AND EUR 1.3 BILLION IN
SHARES IN HEINEKEN HOLDING N.V.
    * HEINEKEN'S SHARE PURCHASE WILL BE EARNINGS-PER-SHARE
ACCRETIVE
TO EFFECT OF C.2% EXCLUDING FINANCING EXPENSES
    * IMPACT ON ITS NET DEBT / EBITDA (BEIA) WILL BE
APPROXIMATELY
0.15X

Source text for Eikon:  ID:nGNE65wrmM 
Further company coverage:  HEIN.AS 
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