# Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-05-31 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Mexico's FEMSA launches 3 billion euro Heineken share Meta Description: Mexican bottler FEMSA offers 3.3 billion euros worth of shares in Heineken, divesting holdings in the Dutch brewer. Find out more here. URL: https://financedigest.com/mexicos-femsa-launches-second-3-billion-euro-sale-of-heineken-shareshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-05-30t201430z1lynxmpej4t0p8rtroptp4mexico-coca-cola-femsa-brazil-1736813953294-compressed.jpg) MEXICO CITY (Reuters) – [Mexican](https://www.financedigest.com/citigroup-to-buy-deutsche-bank-license-in-mexico-for-wholesale-unit.html) bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in [Heineken,](https://www.financedigest.com/heineken-to-invest-300-million-in-brazil-to-expand-premium-beer-portfolio.html) the second large offering in its divestment of holdings in the Dutch brewer. The shares are equivalent to a stake of about 5.9% in Grupo Heineken, the [Mexican](https://www.financedigest.com/citigroup-to-buy-deutsche-bank-license-in-mexico-for-wholesale-unit.html) company said in a statement. FEMSA announced in February an offering of around 3 billion euros worth of common shares in [Heineken](https://www.financedigest.com/heineken-to-invest-300-million-in-brazil-to-expand-premium-beer-portfolio.html) N.V. and Heineken Holding N.V, after saying it would sell its 14% stake in the [European company](https://www.financedigest.com/factbox-what-european-companies-are-doing-as-workers-face-high-inflation.html "Factbox-What European companies are doing as workers face high inflation") over the next three years. Filings later showed FEMSA had sold some of the shares. [Heineken](https://www.financedigest.com/heineken-to-invest-300-million-in-brazil-to-expand-premium-beer-portfolio.html) bought around 1 [billion euros](https://www.financedigest.com/volkswagen-boosts-electric-car-investment-in-spain-to-10-billion-euros.html "Volkswagen boosts electric car investment in Spain to 10 billion euros") of the shares across both of its entities, while American tycoon Bill Gates bought 10.8 million shares – or a 3.76% stake – in the Dutch beverage giant from FEMSA. FEMSA also [announced Tuesday a simultaneous offer of up to 250 million](https://www.financedigest.com/chain-of-points-announces-start-of-points-token-crowdsale-with-21-million-points-available.html "Chain of Points Announces Start of POINTS Token Crowdsale with 21 Million POINTS Available") euros of bonds exchangeable for shares of the Dutch brewer due in 2026. The new bonds “will be consolidated and form a single series” with the ones issued in February for around 500 [million euros](https://www.financedigest.com/spains-king-felipe-reveals-2-6-million-euros-in-wealth-in-bid-to-make-royal-house-more-transparent.html "Spain’s King Felipe reveals 2.6 million euros in wealth in bid to make Royal House more transparent") at a rate of 2.625% and maturing within two years, it said.FEMSA’s shares on the [Mexican](https://www.financedigest.com/citigroup-to-buy-deutsche-bank-license-in-mexico-for-wholesale-unit.html) [stock market](https://www.financedigest.com/the-benefits-of-investing-in-emerging-market-stocks-for-long-term-growth.html "The Benefits of Investing in Emerging Market Stocks for Long-Term Growth") fell 0.26% after the announcement, after an initial 0.04% gain. They still outperformed the main Mexican stock index which fell 1.4% on Tuesday. ($1 = 0.9084 euros) (Reporting by Raul Cortes; Writing by Isabel Woodford; Editing by Richard Chang) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---