The shares offered are now equivalent to “approximately 5.9% of the joint participation in Grupo Heineken,” the Mexican company said in a statement.
Three months ago, FEMSA explained that within a period of two to three years it would place all of its shares in the Dutch brewery on the market, which is equivalent to 14% of that firm, and would use the resources to pay part of its debt and finance its future growth through higher capital investments (CAPEX).
At that time, Heineken NV undertook to repurchase its shares in said offer for at least 707 million euros, as well as those of Heineken Holding NV for at least 296 million euros.
A few days later, the American tycoon Bill Gates bought a 3.76% stake in the Dutch beverage giant from the Mexican bottler, according to data from the Netherlands Financial Markets Authority (AFM).
On Tuesday FEMSA clarified that the new bonds issued for 250 million euros “will be consolidated and form a single series” with the exchangeable bonds that the company issued in February for around 500 million euros at a rate of 2.625% and maturing in 2026. .
FEMSA’s shares on the Mexican stock market fell 0.26% after the announcement, after previously posting a 0.04% gain, although they continued to outperform the main S&P/BMV IPC index which fell 1.4%.