FEMSA Cerveza - Heinken Merger Agreement Does Not Include Opt-out Clause, CEO Says

Jose Antonio Fernandez, the CEO of Fomento Economico Mexicano S.A. (BMV:FEMSAB) told Mexican press sources that after "meticulously" discussing every detail involved in the sale of the company's beer business, FEMSA Cerveza, Mexico's second largest beer company, to European beer conglomerate Heineken N.V. (AMS:HEIA), executives at the two companies chose not to include traditional "opt out" or merger dissolution clauses.

Mexican Press Sources Report InBev to Increase Stake in Grupo Modelo

Mexican press sources reported that global beer giant Anheuser-Busch InBev NV (NYSE:BUD), the world's largest beer producer, will seek to increase its stake in Grupo Modelo S.A. (BMV:GMODELOA), Mexico's largest beer company, after rival beer giant Heineken NV (AMS:HEIA) acquired FEMSA Cerveza, Mexico's second largest beer company, a subisdiary of Fomento Economico Mexicano S.A. (BMV:FEMSAB).

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.