Heineken Eyes Latin Expansion With $5.5B Femsa Buy

Law360, New York (January 11, 2010, 2:19 PM EST) -- Positioning itself to capture expected growth in the Latin American beer market, Netherlands-based Heineken NV has announced plans to acquire the operations of Fomento Economico Mexicano SAB de CV — maker of Mexico’s Dos Equis and Tecate brands — in a $5.5 billion stock swap.

Heineken announced the agreement to purchase the Mexican beer company, also known as Femsa Cerveza, on Monday. It proposes to acquire the business, as well as take on about $2.1 billion in debt and pension obligations, in exchange for giving Femsa...
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