Heineken NV’s (HEIA.AE) acquisition of Fomento Economico Mexicano, or Femsa ( FMX), is only the lip of the mug when it comes to mergers and acquisitions in the global beer industry.
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Beer M&A Likely To Continue, But With Smaller-Scale Deals (Nasdaq)
Jan. 12 (Bloomberg) — Heineken NV was raised to “buy” from “hold” at Royal Bank of Scotland Group Plc, which said the acquisition of Fomento Economico Mexicano SAB’s beer unit “secures Heineken’s position as a leading global brewer.”
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Heineken Raised to ‘Buy’ From ‘Hold’ at RBS on Femsa Beer Unit (Bloomberg)
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Femsa Drops Most in 9 Years on Beer Unit Sale Price (Update1) (Bloomberg)
Jan. 11 (Bloomberg) — Heineken NV agreed to buy the beer division of Fomento Economico Mexicano SAB , producer of Dos Equis and Mexico’s second-biggest brewer, in an all-stock deal valued at 5.3 billion euros ($7.7 billion) to tap faster sales growth in Latin America.
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Heineken to Buy Femsa Beer Unit in $7.7 Billion Deal (Update2) (Bloomberg)
Jan. 11 (Bloomberg) — Fomento Economico Mexicano SAB , Latin America’s largest soft-drink company, tumbled the most in more than nine years after announcing the sale of its beer unit to Heineken NV in an all-stock transaction.
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Femsa Drops Most in Nine Years on Sale of Beer Unit for Stock (Bloomberg)
Jan. 11 (Bloomberg) — Heineken NV agreed to buy the beer division of Fomento Economico Mexicano SAB , Mexico’s second- biggest brewer, in an all-stock deal valued at 5.3 billion euros ($7.7 billion) to tap faster sales growth in Latin America.
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Heineken to Buy Femsa Beer Unit in $7.7 Billion Deal (Update1) (Bloomberg)
Jan. 11 (Bloomberg) — SABMiller Plc , the world’s second- largest brewer, pulled out of bidding for the beer division of Fomento Economico Mexicano SAB , or Femsa, according to a person with knowledge of the talks.
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SABMiller Said to Pull Out of Bidding for Femsa’s Beer Division (Bloomberg)
Jan. 11 (Bloomberg) — Heineken NV , the world’s third- largest brewer, is close to an agreement to buy the beer unit of Fomento Economico Mexicano SAB for about $8 billion, the Wall Street Journal reported, citing people familiar with the matter.
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Heineken Close to Agreement for Femsa’s Beer Division, WSJ Says (Bloomberg)