Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world’s second-largest brewer, for about $902 million. The Microsoft founder and philanthropist picked up 3.8% of Heineken Holding, according to a filing by the Dutch regulator AFM. He bought 6.65 million shares in Heineken Holding, in his individual capacity, and another 4.18 million shares through the Bill & Melinda Gates Foundation Trust.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
(Image credit: Respective producer)
The shares are valued at €848.2 million ($902 million), according to Bloomberg calculations at closing share price value of February 17. Gates acquired the stake on the same day that Fomento Economico Mexicano SAB launched a €3.7 billion stock and equity-linked sale for part of its holdings in Heineken.
Femsa, as the Mexican Coca-Cola bottler and convenience store operator is known, announced plans to offload its stake in Heineken after a strategic review. Femsa said its accelerated bookbuild offering of €1.9 billion in shares in Heineken NV priced at €91 apiece, and €1.3 billion in shares in Heineken Holding sold at €75 each. Heineken Holding controls 50% of Heineken NV, maker of the namesake beer as well as Amstel, Moretti, and Sol among others.
The Bill & Melinda Gates Foundation Trust foundation has also invested in Dutch online grocer Picnic BV and holds a 1.34% stake in Dutch fertilizer producer OCI NV. The foundation has long been a powerhouse in the nonprofit world, employing almost 1,800 people and spending nearly $80 billion since 2000.
Also Read: India – Egypt hold 3rd ‘Joint Working Group on Counter Terrorism’ meeting in New Delhi
UN approves resolution calling for Russia to leave Ukraine after 1 year
Pakistan receives $700 mln funds from China
The Board of Control for Cricket in India (BCCI) has made a bold and significant…
Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…
The Ustad Bismillah Khan Yuva Puraskar (UBKUP) is a prestigious award instituted by the Sangeet…
The Sustainable Trade Index 2024, jointly published by the Hinrich Foundation and IMD, highlights the…
The title "Frontier Gandhi" refers to Khan Abdul Ghaffar Khan, a prominent leader from British…
India will host the International Cooperative Alliance (ICA) Global Cooperative Conference in New Delhi from…