Bill Gates Buys $902 Million Stake in Heineken Holding


Bill Gates Buys $902 Million Stake in Heineken Holding

Gates invests in world’s second-largest brewer through personal funds and foundation.

Cathie Wood’s ARK Snaps Up Adyen Shares After Record Meltdown
London’s AI Ambitions Soar with Rishi Sunak at the Helm
Risks, Opportunities, And Responsibility: White House Meeting On AI Puts Tech Leaders In The Hot Seat

Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of Heineken NV, for approximately $902 million. This represents a 3.8% stake in Heineken Holding.

Top Reads: Billionaire David Einhorn Investment Strategy: Strong Performance in 2022

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

The shares are valued at €848.2 million ($902 million) based on Bloomberg’s calculations at the closing share price value of February 17.

Gates acquired the stake on the same day that Fomento Economico Mexicano SAB (Femsa) launched a €3.7 billion stock and equity-linked sale for part of its holdings in Heineken. Femsa had announced plans to sell its stake in Heineken after a strategic review.

Femsa’s 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.

Heineken and the Bill & Melinda Gates Foundation did not immediately respond to a request for comment on the acquisition.

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