FEMSA’S Heineken Shares Are Fair Game, What’s Next?

Dear Client: Heineken's all-stock purchase of FEMSA's Mexican beer business five years ago awarded the Mexican conglomerate with a 20% stake, making it Heineken's second largest shareholder. Due to a lock-up on the stake, FEMSA has been unable to touch their shares but that hold expired at the end of April. What's next? (You may be asking, who cares? But as you should know by now, what happens in the global beer business affects the U.S. beer business eventually. So,