Heineken buys Femsa in deal valued $7.6 billion
(AP) — Dutch brewer Heineken NV says it will buy Mexican brewer Femsa in an all-share deal that values the maker of Dos Equis, Tecate and Sol beers at around $7.6 billion (euro5.3 billion), including debt.
Heineken says the deal will help Heineken grow in Mexico and Brazil, and will strengthen its position among imported beers in the United States, the most profitable beer market.
Femsa, formally Fomento Economico Mexicano S.A.B. de CV, will own a 12.5 percent stake in Heineken NV and a 14.9 percent stake in its parent, Heineken Holding NV.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
