HEINEKEN to purchase FIFCO's beverage and retail operations, enhancing its footprint in Central America
HEINEKEN's Acquisition of FIFCO: HEINEKEN has signed a binding agreement to acquire the remaining 75% of Distribuidora La Florida and other stakes from FIFCO, enhancing its presence in Central America with a total cash consideration of approximately US$3.2 billion.
Strategic Growth and Market Expansion: The acquisition will strengthen HEINEKEN's position in key markets like Costa Rica and Panama, providing full ownership of HEINEKEN Panama and expanding its beverage portfolio, which includes iconic brands and a well-established retail network.
Financial Impact and Synergies: The transaction is expected to be immediately accretive to HEINEKEN's operating margin and earnings per share, with anticipated run-rate cost savings of around US$50 million through the application of best practices.
Commitment to Sustainability: HEINEKEN aims to drive sustainable economic development in the region, aligning with its EverGreen strategy and FIFCO's existing sustainability initiatives, while ensuring a smooth integration post-acquisition.
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