31 May 2023

De Brauw advises Heineken N.V. on its participation in the EUR 3.7 billion (second) FEMSA selldown

Reinier Kleipool+ 4 other team members

De Brauw acted as lead counsel to Heineken N.V. on the disposal by FEMSA of approximately EUR 3.7 billion in shares in the Heineken group. Following its selldown in February of this year, FEMSA has now sold the remaining part of its interest in the Heineken group (representing approximately 6.0% of the combined interest) through an accelerated bookbuild offering (ABB) for EUR 3.3 billion. Concurrently with this transaction, Heineken N.V. purchased EUR 333 million Heineken group shares under a bilateral agreement. The shares purchased by Heineken N.V. in this second selldown are subject to the dividend waiver arrangements agreed by Heineken N.V. and Heineken Holding N.V. in February. Upon completion of the disposal, FEMSA no longer holds any shares in the Heineken group, other than the Heineken Holding N.V. shares underlying the exchangeable bond.