# Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares Author: Pal Sinha,Barnali Author URL: https://economystandard.com/author/pal-sinha-barnali/ Published: 2023-05-31 Category: Headlines Category URL: https://economystandard.com/category/headlines/ Meta Title: FEMSA Launches 3 Billion Euro Sale of Heineken Shares Meta Description: Mexican bottler FEMSA offers stake in Heineken worth $3.63 billion. Follow the divestment journey in this exciting stock sale. URL: https://economystandard.com/mexicos-femsa-launches-second-3-billion-euro-sale-of-heineken-shares/ ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsu1py003nwirgoap5agsl/images/2023-05-30t201430z1lynxmpej4t0p8rtroptp4mexico-coca-cola-femsa-brazil-1737056151813-compressed.jpg) ## Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares MEXICO CITY (Reuters) – Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heineken, the second large offering in its divestment of holdings in the Dutch brewer. The shares are equivalent to a stake of about 5.9% in Grupo Heineken, the Mexican company said in a statement. FEMSA announced in February an offering of around 3 billion euros worth of common shares in Heineken N.V. and Heineken Holding N.V, after saying it would sell its 14% stake in the European company over the next three years. Filings later showed FEMSA had sold some of the shares. Heineken bought around 1 billion euros of the shares across both of its entities, while American tycoon Bill Gates bought 10.8 million shares – or a 3.76% stake – in the Dutch beverage giant from FEMSA. FEMSA also announced Tuesday a simultaneous offer of up to 250 million euros of bonds exchangeable for shares of the Dutch brewer due in 2026. The new bonds “will be consolidated and form a single series” with the ones issued in February for around 500 million euros at a rate of 2.625% and maturing within two years, it said.FEMSA’s shares on the Mexican stock market fell 0.26% after the announcement, after an initial 0.04% gain. They still outperformed the main Mexican stock index which fell 1.4% on Tuesday. ($1 = 0.9084 euros) (Reporting by Raul Cortes; Writing by Isabel Woodford; Editing by Richard Chang) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---