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.