COMPANIES Heineken, the Dutch brewer, is facing its last chance to establish a foothold in Latin America as it negotiates to buy the brewing operations of Mexican conglomerate Femsa.
Speculation over the outcome of a sale of Femsa’s beer business, which is estimated to be worth about $7.5bn, has centred on SABMiller as the most likely buyer, although Heineken has also held discussions. The UK-listed brewer has more synergies – estimated at $150m – with Femsa than Heineken, and a stronger balance sheet.
