Analyst: Did Heineken Blunder on CCM Acquisition?

Dear Client:In his initial report after reinstating coverage of Heinken and Femsa stocks, outspoken analyst Carlos Laboy of Credit Suisse takes a deep dive into the Mexican beer market and concludes that Heineken NV's acquisition of Femsa's beer division, CCM, without its large Oxxo convenience store division, may have been a blunder once it is all said and done. THE OXXO CONNECTION. His thesis? After Heineken's exclusive contract with Oxxo expires in 2020, it leaves the door open for ABI