Dutch brewery Heineken NV Concern has signed an agreement to acquire the Mexican beer business corporation Fomento Economico Mexicano SAB (FEMSA) through a share swap. The transaction value is estimated at 5.3 billion euros, reported in today”s press release of Heineken.
Dutch company acquires 100% of the beer business FEMSA in Mexico, plus the remaining 83% of the beer business in Brazil, FEMSA, which Heineken is not fluent. Instead, the Mexican company after the completion of all phases of the transaction will receive a 20% stake in the Heineken Group.
Based on shareholder value Heineken NV on 8 January 2010. capitalization of the beer unit FEMSA is estimated at 3.8 billion euros. The total cost of the beer business FEMSA, taking into account debt and pension liabilities is estimated based on the parameters of the transaction, at 5.3 billion euros.
in October 2009. Fomento Economico Mexicano SAB also owns a business bottling soft drinks and retail business, put on sale its beer operations. Initially they claimed the purchase of three major breweries Corporation - SABMiller, Heineken and Japan”s Kirin Holdings. According to sources, SABMiller has recently decided to withdraw from the negotiations, leavd7aing the proposal Heineken out of competition.
Earlier
Heineken CEO Jean-Francois van Boxmeer said that he intends to buy assets around the world.
FEMSA is the second largest in the Mexican beer market with a share of over 40% and fourth place in the Brazilian market with a share of about 7%. The company produces beer under the brands of Carta Blanca, Tecate, Superior, Sol, Dos Equis, etc.
Heineken - the world”s third producer of beer in terms of sales. In the company”s brand portfolio consists of 170 marks. Revenue Heineken in 2008. amounted to 14.3 billion euros, net profit - 1 billion euros.
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