For around $1.32 billion, Bill Gates Heineken deal went through and he purchased a small part in Heineken Holding NV, the controlling shareholder of the second-largest brewer in the world.
Bill Gates Heineken deal has gone through
The philanthropist and founder of Microsoft purchased 3.8% of Heineken Holding last week, according to a document submitted to the Dutch regulator AFM. He purchased 4.18 million shares through the Bill & Melinda Gates Foundation Trust and 6.65 million shares directly from Heineken Holding. The shares are worth €848.2 million at the closing share price on February 17.
On the same day that Fomento Economico Mexicano SAB began a €3.7 billion stock and equity-linked sale for a portion of its Heineken assets, Gates purchased the stake. Following a strategic assessment, the Mexican Coca-Cola bottler and operator of convenience stores, known as Femsa, had last week revealed plans to sell its holding in Heineken.
According to Femsa, its €1.9 billion accelerated bookbuild offering of shares in Heineken NV priced at €91 each and €1.3 billion of shares in Heineken Holding sold at €75 each saw strong sales. The company behind the namesake beer as well as Amstel, Moretti, and Sol is 50% owned by Heineken Holding.
The Dutch online grocer Picnic BV and Dutch fertilizer manufacturer OCI NV both received investments from the Bill & Melinda Gates Foundation Trust foundation, which also owns a 1.34 percent share in each.
Since 2000, the foundation has employed about 1800 people and spent close to $US80 billion, making it a longtime leader in the non-profit sector.
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