01.09.2014 - Heineken sells assets in Mexico
The world's largest brewer Heineken has agreed to sell its business of manufacturing packaging in Mexico Empaque to the company Crown Holdings for 1.23 billion dollars. As a result, the Dutch company will concentrate its efforts on the beer market.
It is worth recalling that Empaque has become the property of Heineken as a result of the acquisition of Femsa Cerveza. As a result, Heineken earned about 300 million euro after the sale of Mexican business. We keep a medium-term positive outlook on the shares of the Dutch brewer with a potential growth of around 20% per year and recommend including stocks in the long-term investment portfolio.