Heineken shares rise after $3.2bn FIFCO acquisition
By Frank Prenesti
Date: Tuesday 23 Sep 2025
(Sharecast News) - Heineken shares gained on Tuesday after the Dutch brewer said it was buying the beverage and retail businesses of Costa Rica's Florida Ice and Farm Company for $3.2bn.
The deal, announced late on Monday, will see Heineken will take ownership of Costa Rica's century-old "Imperial" beer, a soft drink business with its own brands and a PepsiCo bottling license.
Heineken will buy the remaining 75% stake it does not already own in Distribuidora La Florida, FIFCO's beverage, food and retail division, as well as operations in El Salvador, Guatemala and Honduras.
The deal also includes a 75% stake purchase in Nicaragua Brewing Holding, a 25% stake in Heineken Panama, and full ownership of FIFCO's beyond beer business in Mexico.
The transaction, which is expected to complete in the first half of 2026, will be immediately accretive to operating margin and earnings per share, before exceptional items, Heineken said in a statement, adding that net debt would rise by €3.2bn after the deal.
Reporting by Frank Prenesti for Sharecast.com
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