FEMSA Continues Negotiating Sale of Beer Business to Foreign Suitor

Juan Fonseca, Director of Investor Relations at FEMSA (BMV:FEMSAB), Latin America's largest beer and soda producer, told reporters in Mexico that the company is continuing to negotiate with possible buyers regarding the sale of its beer business. Analysts have labelled Heineken N.V. (AMS:HEIA) and SABMiller plc (LSE:SAB) as the front-runners in the negotiations.