Femsa serves up rare Heineken liquidity with €2.5bn block

Heineken truck from PA 230x150
By Aidan Gregory
18 Sep 2017

Femsa, the Mexican soft drinks and retail company, surprised some in the equity capital markets on Monday night when it sold €2.5bn of the stake in Heineken that it acquired when the Dutch brewer bough its brewery division in 2010.

“It wasn’t particularly well flagged and that is always an extra challenge, particularly when you’re trying to sell €2.5bn of stock,” said a source close to the deal. “It was quite a complex deal, and we had to organise the family participation as well. It had a very ...

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