HEINEKEN notes FEMSA’s intention to divest its shareholding in Heineken N.V. and Heineken Holding N.V.
HEINEKEN N.V. acknowledges FEMSA's decision to divest its full shareholding in the company, as FEMSA refocuses on retail and Coca-Cola FEMSA. This strategic shift includes the resignation of FEMSA's representatives from HEINEKEN's Supervisory Board. HEINEKEN expressed gratitude for FEMSA’s contributions over 13 years. The company will evaluate implications and options, potentially including acquiring shares from FEMSA in the future. Chairman Jean-Marc Huët thanked FEMSA representatives for their support during their tenure.
- HEINEKEN recognizes and respects FEMSA's strategic decision.
- Potential opportunity for HEINEKEN to acquire shares from FEMSA in future transactions.
- FEMSA's divestment may lead to decreased board influence and oversight.
- Uncertainty surrounding the impact on HEINEKEN's stock performance due to FEMSA's exit.
Amsterdam, 16 February 2023 – HEINEKEN N.V. (“HEINEKEN”) notes the announcement by FEMSA on the outcome of its strategic review. FEMSA announced that it has decided to focus solely on retail, Coca-Cola FEMSA and digital going forward. FEMSA intends to divest its full shareholding in HEINEKEN and Heineken Holding N.V. and FEMSA’s representatives will resign from HEINEKEN’s Supervisory Board and Heineken Holding N.V.’s Board of Directors with immediate effect.
HEINEKEN respects FEMSA's decision to refocus its strategic priorities and would like to thank FEMSA for its contribution and support in growing our business over the past thirteen years.
HEINEKEN will carefully consider the implications and evaluate all options following the announcement of FEMSA. This may include the option to acquire shares from FEMSA in any future sale, subject to market and other conditions.
Jean-Marc Huët, Chairman of the Supervisory Board, commented: “We are grateful for the commitment and support of the FEMSA representatives on the Supervisory Board over the last thirteen years. We would like to thank the current and former FEMSA representatives José Antonio Fernández Carbajal, Javier Astaburuaga Sanjines and Francisco Josue Camacho Beltrán for their valuable contributions, guidance and collaboration.”
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About HEINEKEN
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on our Company's website and follow us on LinkedIn, Twitter and Instagram.
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