Fladgate LLP has advised FEMSA (Fomento Económico Mexicano, S.A.B. de C.V.) in connection with its on-market sale of approximately €2.5bn worth of shares in Heineken NV and Heineken Holding N.V., representing 5.24% of FEMSA’s combined interest in the Heineken Group. Following completion of the equity offering FEMSA retains a combined interest in the Heineken Group of 14.76%.
FEMSA is a leading company that participates in the beverage industry through the Coca-Cola FEMSA franchise and in the beer industry though its equity stake in Heineken. FEMSA Comercio comprises a retail division which manages various small-format store chains including OXXO; OXXO GAS a chain of retail service stations and a health division, which includes drugstores and related operations. Additionally it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA’s business units and third-party clients.
The Fladgate team was led by corporate partner Julian Lewis, assisted by corporate partner Amy Collins, tax partner John Forde and corporate associate Adrian Mawlabaux.