Femsa Exits Heineken After 15 Years With €359 Million Sale

Fomento Economico Mexicano SAB, a Mexican Coca-Cola bottler and convenience store operator, sold its remaining stake in Heineken Holding NV as it focuses on its core business.

Femsa, as the company is known, offered about 5.2 million shares priced at €68.70 ($77.32) a piece, according to terms seen by Bloomberg, with the transaction raising €359 million for the seller.