By Ian Walker

Heineken NV said Thursday that it will consider the implications of Fomento Economico Mexicano SAB de CV's decision to sell its shareholding in the company and evaluate all its options, including buying the FEMSA shares.

Overnight, FEMSA said that it planned to sells its investment in the Dutch brewer within the next two to three years as part of a focus on its retail, Coca-Cola FEMSA and digital businesses.

It said it would sell its investment in Heineken subject to market conditions and that its directors will resign from the Heineken boards.

FEMSA owns 8.6% of Heineken's issued share capital, according to FactSet data.

"We are grateful for the commitment and support of the FEMSA representatives on the supervisory board over the last thirteen years," Heineken supervisory board Chairman Jean-Marc Huet said.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

February 16, 2023 02:03 ET (07:03 GMT)

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