Heineken’s Mexico Beer Quest: Expand Portfolio With Fomento Económico Mexicano Femsa Grupo Modelo SAB Deal
Posted on January 11, 2010 at 11:20 AM EST
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) (FMX: 43.00 -13.60%) its Board Of Directors (BOD) have approved the sale of its Cerveza business to Heineken NV (HINKF: 0.00 N/A) (HEI-A: 36.83 +1.77%) (HINKY: 0.00 N/A) in an all-stock deal. I had thought SABMiller (SBMRF: 0.00 N/A) would win the bidding. The agreement identifies that FEMSA will [...]
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