By Ian Walker

Heineken NV said Wednesday that it has bought 333 million euros ($357.5 million) worth of its and Heineken Holding NV shares from Fomento Economico Mexicano as first announced late on Tuesday.

The Dutch brewer has bought 2.5 million shares in Heineken NV at EUR92.75 each and 1.3 million shares in Heineken Holding NV. at EUR77.25 each.

It will fund the purchases from existing cash and credit facilities and keep the shares in treasury.

Heineken NV said late Tuesday that it planned to buy shares from FEMSA.

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

(END) Dow Jones Newswires

May 31, 2023 02:31 ET (06:31 GMT)

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