Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Heineken shares rise after $3.2bn FIFCO acquisition

(Sharecast News) - Heineken shares gained on Tuesday after the Dutch brewer said it was buying the beverage and retail businesses of Costa Rica's Florida Ice and Farm Company for $3.2bn. The deal, announced late on Monday, will see Heineken will take ownership of Costa Rica's century-old "Imperial" beer, a soft drink business with its own brands and a PepsiCo bottling license.

Heineken will buy the remaining 75% stake it does not already own in Distribuidora La Florida, FIFCO's beverage, food and retail division, as well as operations in El Salvador, Guatemala and Honduras.

The deal also includes a 75% stake purchase in Nicaragua Brewing Holding, a 25% stake in Heineken Panama, and full ownership of FIFCO's beyond beer business in Mexico.

The transaction, which is expected to complete in the first half of 2026, will be immediately accretive to operating margin and earnings per share, before exceptional items, Heineken said in a statement, adding that net debt would rise by €3.2bn after the deal.

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

GSK gets preliminary nod for two respiratory drugs in Europe
(Sharecast News) - GSK said on Friday afternoon that two of its respiratory medicines had received positive opinions from the European Medicines Agency's Committee for Medicinal Products for Human Use, bringing the company closer to potential approvals across severe asthma, chronic rhinosinusitis with nasal polyps and chronic obstructive pulmonary disease.
Shore Capital hails improved US biotech funding environment for hVIVO
(Sharecast News) - Shares in AIM-listed hVIVO were continuing their recent surge on the back of encouraging signs from the US biotech market, which broker Shore Capital said has created a "much more favourable environment" for the company.
Weir to buy remaining 50% stake in Chile JV ESEL for £56m
(Sharecast News) - Weir said on Friday that it has agreed to buy the remaining 50% share of its Chile-based joint venture ESEL for a sterling equivalent purchase price of £56m.
Jefferies downgrades Whitbread, upgrades IHG
(Sharecast News) - Jefferies downgraded Whitbread to 'hold' from 'buy' on Friday as it applied the reverse upgrade to InterContinental Hotels.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.