FIFCO’s Shareholders Approve Sale of the Company’s Beverage, Food, and Retail Business to HEINEKEN

Rhea-AI Summary

FIFCO (HEINY) shareholders approved the sale of FIFCO's beverage, food, and retail operations in Costa Rica, Guatemala, El Salvador, and Honduras; beverage operations in Mexico; and stakes in beverage businesses in Nicaragua and Panama.

The vote on 7 October 2025 follows a 22 September 2025 binding agreement between FIFCO and HEINEKEN. Completion is subject to customary regulatory approvals and is expected in H1 2026. Further company announcements will follow as appropriate.

Positive

• Shareholders approved sale by majority vote on 7 Oct 2025
• Sale based on a binding agreement announced 22 Sep 2025
• Transaction scope covers operations in 6 countries
• Expected completion in H1 2026, providing a clear timeline

Negative

• Transaction completion is subject to customary regulatory approvals
• Sale removes FIFCO's direct beverage/retail operations in multiple markets

News Market Reaction – HEINY

+1.10%

+1.10% Session close to close

In the Oct 8 session, HEINY gained 1.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FIFCO’s Shareholders Approve Sale of the Company’s Beverage, Food, and Retail Business to HEINEKEN

Amsterdam, 7 October 2025 - Today, at an Extraordinary General Shareholders’ Meeting, the shareholders of Florida Ice and Farm Company S.A. (“FIFCO”) approved, by majority of votes, the sale to Heineken N.V. (“HEINEKEN”) of its beverage, food, and retail operations in Costa Rica, Guatemala, El Salvador, and Honduras; its beverage operations in Mexico; as well as its stakes in the beverage businesses in Nicaragua and Panama.

This approval follows FIFCO's and HEINEKEN's announcements on 22 September 2025 that the companies had signed a binding agreement for the sale of FIFCO's multi-category beverage portfolio and proximity retail business.

The completion of the transaction remains subject to customary regulatory approvals and is expected to occur in H1 2026. Further announcements will be made as appropriate.

Attachment

• 06102025 Shareholder Assembly Comms

FAQ

What did FIFCO shareholders approve on October 7, 2025 (HEINY)?

Shareholders approved the sale of FIFCO's beverage, food, and retail operations in Costa Rica, Guatemala, El Salvador, Honduras, beverage operations in Mexico, and stakes in Nicaragua and Panama.

When was the binding agreement between FIFCO and HEINEKEN signed for HEINY?

The companies announced a binding agreement on 22 September 2025.

When is the FIFCO and HEINEKEN transaction expected to close for HEINY?

Completion is expected in H1 2026, subject to customary regulatory approvals.

Which countries are included in the HEINY sale of FIFCO operations?

The sale covers Costa Rica, Guatemala, El Salvador, Honduras, Mexico, Nicaragua, and Panama.

Does the October 7, 2025 approval guarantee the HEINY transaction will close?

No; the transaction remains subject to customary regulatory approvals before completion.