views

Femsa in beer merger discussions

Mexican brewer Femsa, which makes Sol and Dos Equis, is understood to be in talks to merge its operations with a larger rival in a potential $9bn (£5.7bn) deal, in the latest in a series of mergers in the sector. The Latin American group is known to have held talks with SABMiller and Heineken. It is being advised by NM Rothschild & Sons. No deal is thought to be imminent, but talks have recently become more formal.