23/02/2024

Bill Gates buys nearly $1B Heineken stake

Despite not being a ‘big beer drinker’

Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV, although the billionaire founder of Microsoft has previously said he was “not a big beer drinker.”

The filing by the Netherlands’ Financial Markets Authority said the shares were purchased on Feb. 17. Heineken Holding owns a controlling stake in brewer Heineken NV. Gates purchased the shares from Mexico’s FEMSA, which is selling out of the brewing company.

A separate filing also dated Feb. 17 showed FEMSA sold all 18 million shares it held in Heineken Holding. Gates purchased 10.8 million shares, worth $939.87 million at current market prices, triggering a disclosure requirement under Dutch stock market rules.