The company Fomento Económico Mexicano (Femsa) announced on Tuesday the second offer for the sale of shares of Heineken NV and Heineken Holding NV for 3,300 million euros (about 3,529 million dollars).
Besides, also announced a simultaneous additional offer (reopening) of up to 250 million euros of existing exchangeable bonds issued by Femsa due 2026exchangeable for shares of Heineken Holding NV
In a statement sent to the Mexican Stock Exchange (BMV), it indicated that the new bonds will be consolidated and will form a single series with the company’s exchangeable unsecured bonds, for an amount of 500 million euros at a rate of 2.625% with maturity. in 2026.
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The report noted that the offer was approved by Femsa’s Board of Directors, and it was announced that it will be carried out in terms of applicable law.
The Mexican firm said the share offering will take place through accelerated bookbuilding to qualified investors.
Investors will have the opportunity to purchase shares in the share offering of both Heineken NV and Heineken Holding NVhe signed up.
The total number of shares to be sold in the share offering and the sale price per share of Heineken NV and Heineken Holding NV will be determined during the pricing date, subject to a minimum number of 26.4 million. of shares of Heineken NV and 8.9 million shares of Heineken Holding NV,” the note said.
Femsa said it expects L’Arche Green NV, the company through which the Heineken Family exercises control of Heineken Holding NV “to participate in the share offer, for an amount of 50 million euros in shares of Heineken Holding NV ”
Additionally, the note was noted, Heineken NV has committed to repurchase a fixed amount equal to 10% of the shares of Heineken NV and shares of Heineken Holding NV that will be sold pursuant to the share offersubject to certain conditions.
Heineken outlet
On February 22, the American businessman Bill Gates acquired 6.7 million shares in Heineken Holding as a private person, and another 4.2 million through the Bill & Melinda Gates Foundation, according to the Netherlands Financial Markets Authority, which increases to 3.8 % philanthropist share in brewery.
The Microsoft co-founder bought part of the shares sold a week earlier by the Fomento Económico Mexicano (Femsa) conglomerate, which decided to divest from the Dutch company as part of its new business model, for which Gates owns a 3.8% stake in the brewery, worth about 880 million euros at current prices.
This is a total of 10.8 million shares in Heineken Holding, divided into two packages: some 6.7 million shares are owned directly by Gates, and the other 4.2 million were purchased through the Bill & Melinda Gates Foundation trust, the investment vehicle he created with his ex-wife.
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