Heineken to Buy Femsa's Beer Unit

Heineken said Monday that it would buy the beer operations of Femsa, one of Mexico’s biggest brewers, in an all-share transaction that values the business at $7.6 billion. The move further consolidates the beer industry into a few global players.

The move will make Heineken a “more competitive player in Latin America, one of the world’s most profitable and fastest-growing beer markets,” Jean-François van Boxmeer, chairman and chief executive of the Nethlerlands-based company, said in a statement.

The New York Times