LatinNews Daily - 31 May 2023

In brief: Mexico’s Femsa sells €3.3bn stake in Heineken

* The Mexican beverage and retail company Fomento Económico Mexicano SAB (Femsa) has sold €3.3bn (US$3.51bn) worth of its shares in the Dutch brewing company Heineken. Femsa, which is the largest convenience retailer in Latin America, had previously said that it intends to offload its Heineken shares, which no longer form part of its growth strategy. Heineken has said that it intends to purchase 10% of the shares being sold by Femsa.

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