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
The global snacking, international cereal and noodles, plant-based foods and North American frozen breakfast business will be known as Kellanova – home to brands such as Pringles, MorningStar Farms and Nutri-Grain. Kellanova’s portfolio will also encompass cereal brands, including Frosties, Special K, Krave and Coco Pops.
Nestlé is piloting refillable vending machines for its Milo and Koko Krunch brands as part of its effort to explore solutions that help to reduce the need for disposable packaging. In collaboration with digital start-up Qyos by Algramo, the machines will be available at two retailers in Indonesia during a 4-6 month trial period.
Carlsberg has announced that Jacob Aarup-Andersen will join the company as chief executive officer, replacing Cees ’t Hart, who will retire by the end of Q3 2023. Since 2020, Aarup-Andersen has served as CEO of ISS, a global facility services company that operates in 60 countries.