UPDATE 1-Heineken investors give nod to FEMSA deal

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Thu Apr 22, 2010 4:11pm BST

* Heineken sees 150 mln euros in synergies by 2013

* Deal to close next Friday

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AMSTERDAM, April 22 (Reuters) - Dutch brewer Heineken NV (HEIN.AS) said on Thursday it would close its intended acquisition of FEMSA Cerveza (FMSAUBD.MX) on April 30 after shareholders gave their go-ahead for the deal.

The acquisition of FEMSA is Heineken's largest ever acquisition but the vote in favour of the deal was also considered a formality, given that the Heineken family holding still holds a majority stake in the company. "This deal is a fantastic challenge and represents a great acceleration in our world position. Brazil and Mexico are fantastic growth platforms for Heineken," Chief Executive Jean-Francois van Boxmeer said at the company's annual meeting.

The need for the FEMSA deal was underlined on Wednesday when Heineken beer sales fell a greater than expected 3.5 percent in the first quarter as western consumers drank less. [ID:nLL631571]

Heineken is targeting through the FEMSA deal 150 million euros in annual synergies by 2013. (Reporting by Aaron Gray-Block; Editing by David Holmes)

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