Heineken to Consider Options Over FEMSA Stake Sale Plan
16 February 2023 - 6:18PM
Dow Jones News
By Ian Walker
Heineken NV said Thursday that it will consider the implications
of Fomento Economico Mexicano SAB de CV's decision to sell its
shareholding in the company and evaluate all its options, including
buying the FEMSA shares.
Overnight, FEMSA said that it planned to sells its investment in
the Dutch brewer within the next two to three years as part of a
focus on its retail, Coca-Cola FEMSA and digital businesses.
It said it would sell its investment in Heineken subject to
market conditions and that its directors will resign from the
Heineken boards.
FEMSA owns 8.6% of Heineken's issued share capital, according to
FactSet data.
"We are grateful for the commitment and support of the FEMSA
representatives on the supervisory board over the last thirteen
years," Heineken supervisory board Chairman Jean-Marc Huet
said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 16, 2023 02:03 ET (07:03 GMT)
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