Mexico's FEMSA launches second 3 bln euro sale of Heineken shares
30/05/2023 20:58
MEXICO CITY, May 30 (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 FEMSAUBD.MX announced in February an offering of
around 3 billion euros worth of common shares in Heineken N.V.
and Heineken Holding N.V HEIO.AS , 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.
($1 = 0.9084 euros)
(Reporting by Raul Cortes; Writing by Isabel Woodford; Editing
by Richard Chang)
((Isabel.Woodford@thomsonreuters.com;))