American billionaire Bill Gates has purchased 10.8 million shares (a 3.8% stake) in Heineken Holding, worth €883 million at current market prices, according to Reuters.
Gates purchased 6.65 million shares in Heineken Holding individually, while 4.18 million shares were bought through philanthropic organisation, the Bill & Melinda Gates Foundation Trust.
A filing by the Netherlands’ Financial Markets Authority said the shares were purchased on 17 February. The transaction triggered a disclosure requirement under Dutch stock market rules.
The Microsoft founder bought the shares from Mexican Coca-Cola bottler FEMSA, which last week launched a €3.7 billion stock and equity-linked sale for part of its holdings in Heineken, as it looks to exit the brewing company.
By Phoebe Fraser
Source: foodbev.com
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
