(CercleFinance.com) – Heineken announced on Wednesday that it had bought its own shares from Femsa for 333 million euros as part of the Mexican conglomerate’s desire to withdraw from the capital of the Dutch brewer.
In a statement, the group said it had acquired around 2.5 million Heineken shares at a price of 92.75 euros, compared with a closing price of 96.60 euros last night.
He indicates that he has also bought back some 1.3 million Heineken Holdings shares, this time at a unit price of 77.25 euros.
This operation is part of the finalization of the placement of the equivalent of 3.7 billion euros of Heineken shares by Femsa, which until now held 14.8% of the capital.
The Mexican group expressed its intention last February to sell its shares in Heineken in order to focus on its distribution businesses, its Coca-Cola Femsa joint venture and its digital projects.
Heineken, which financed the transaction from its cash and a credit facility, explains that it wants to keep the securities acquired in treasury.
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