De Brauw advises Heineken N.V. on EUR 3.6 billion FEMSA selldown.
De Brauw acted as lead counsel to Heineken N.V. on the disposal by FEMSA of approximately EUR 3.6 billion in shares in the Heineken group. FEMSA sold almost half of its economic interest in the Heineken group through an accelerated bookbuild offering (ABB) for EUR 2.2 billion and a placement of bonds exchangeable into Heineken Holding N.V. shares in an amount of EUR 500 million. Concurrently with this transaction, Heineken N.V. purchased EUR 1 billion Heineken group shares under a bilateral agreement. Heineken N.V. and Heineken Holding N.V. agreed on a reciprocal waiver of their dividend entitlement on repurchased Heineken Holding N.V. shares held by Heineken N.V. and a corresponding number of Heineken N.V. shares held by Heineken Holding N.V.