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Image: adobe.stock.com / David

Image: adobe.stock.com / David

United States: FIFCO Announces Sale of Its Beverage, Food, and Retail Business to Heineken

Florida Ice and Farm Company (FIFCO) announced it has signed a binding agreement to sell to Heineken the remaining 75 % stake in Distribuidora La Florida, which is used for beverage distribution and retail sales in Costa Rica, Guatemala, El Salvador, and Honduras, as well as its beverage operations in Mexico, along with its interests in beverage businesses in Nicaragua and Panama.

FIFCO seeks to strengthen its business in the United States with the goal of maximizing profits. The 75% stake in Distribuidora La Florida also includes Nicaraguan Brewing Holding (NBH), which holds a 49.8 % stake in Inversiones Cerveceras Centroamericanas (INCECA), the largest shareholder of Compañía Cervecera Nicaragua (CCN), Nicaragua's leading beverage company.

It also includes a 25 % stake in Cervecería Panamá S.A., Heineken's operating company in that country. Finally, it also includes 100% of FIFCO Mexico in the ready-to-drink beverage segment of FIFCO in that same country.

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