Fomento Económico Mexicano (Femsa) announced on Tuesday its second offer to sell shares of Heineken NV and Heineken Holding NV for $3.529 million.
In addition, he also announced a simultaneous additional offer (reopening) up to $266 million existing exchange bonds issued by Femsa maturing in 2026, which can be exchanged for Heineken Holding NV shares
The statement sent to the Mexican Stock Exchange (BMV) indicated that the new bonds will be consolidated and will form a single series with exchangeable unsecured bonds of the company, in the amount of $533 million at 2.625% maturing in 2026.
The message notes that the proposal was approved by the Femsa Board of Directors, and it was announced that it would be carried out within the framework of existing legislation.
The Mexican firm said the share offering will take place due to the accelerated construction of the book (accelerated bookbuilding) for qualified investors.
Investors will receive opportunity to buy shares in the placement of shares of both Heineken NV and Heineken Holding NV.
“The total number of shares to be sold as part of the share offering and the selling price per share of Heineken NV and Heineken Holding NV will be determined during the pricing date, subject to a minimum number of 26.4 million shares of Heineken NV and 8.9 million shares of Heineken Holding NV.”He pointed to the note.
Femsa said it expects L’Arche Green NV, the company through which the Heineken family exercises control of Heineken Holding NV. “participate in the placement of shares, in the amount of 50 million euros in shares of Heineken Holding NV.
In addition, the note noted that Heineken NV was committed to redeem a fixed amount equal to 10% shares of Heineken NV and shares of Heineken Holding NV to be sold in accordance with the offer of shares, subject to certain conditions.
February 22 american businessman Bill Gates buys 6.7 million shares of Heineken Holding as a private individual, and another 4.2 million through the Bill & Melinda Gates Foundation, according to the Netherlands Financial Markets Authority, raising the philanthropist’s stake in the brewery to 3.8%.
The Microsoft co-founder bought some of the shares sold a week earlier by the Fomento Económico Mexicano (Femsa) conglomerate, which decided abandon the Dutch company as part of its new business model, Thus, Gates owns a 3.8% stake in the brewery, which at current prices is about $930 million.
In total, this is 10.8 million shares of Heineken Holding, Divided into two blocks, about 6.7 million shares are owned directly by Gates, while he bought the remaining 4.2 million through the Bill & Melinda Gates Foundation Trust, an investment vehicle he created with his ex-wife.
(EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
