Who has acquired a minority stake in Heineken Holding NV for $902 million?

Today General Knowledge(GK)

Jeff Bezos

Bill Gates

Warren Buffett

Paul Allen

Correct Answer : Option (B) - Bill Gates

Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world’s second-largest brewer, for about $902 million.

* The Microsoft founder and philanthropist last week picked up 3.8% of Heineken Holding, according to a filing by the Dutch regulator AFM.

* He bought 6.65 million shares in Heineken Holding, in his individual capacity, and another 4.18 million shares through the Bill & Melinda Gates Foundation Trust.

* The shares are valued at €848.2 million ($902 million), according to Bloomberg calculations at closing share price value of February 17, 2023.

* Gates acquired the stake on the same day that Fomento Economico Mexicano SAB launched a €3.7 billion stock and equity-linked sale for part of its holdings in Heineken.

* Femsa, as the Mexican Coca-Cola bottler and convenience store operator is known, had last week announced plans to offload its stake in Heineken after a strategic review.

* Femsa said its accelerated bookbuild offering of €1.9 billion in shares in Heineken NV priced at €91 apiece, and €1.3 billion in shares in Heineken Holding sold at €75 each. Heineken Holding controls 50% of Heineken NV, maker of the namesake beer as well as Amstel, Moretti, and Sol among others.

* The Bill & Melinda Gates Foundation Trust foundation has also invested in Dutch online grocer Picnic BV and holds a 1.34% stake in Dutch fertilizer producer OCI NV.

* The foundation has long been a powerhouse in the nonprofit world, employing almost 1,800 people and spending nearly $80 billion since 2000.

Source : Business Standard

Published On : February 25, 2023

Category : Business and Economics

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