Heineken snaps up Mexican beer firm for $7.7b
China Daily | Updated: 2010-01-12 08:02
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An employee inspects kegs of Heineken draft beer at a brewery in Zoeterwoude, The Netherlands. The acquisition gives the brewer a bigger presence in Mexico, the world's fourth-most profitable beer market. Bloomberg News |
LONDON: 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 expand in Latin America.
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