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Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker'

World

22-02-2023 | 10:14

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Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker'

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

The filing by the Netherlands' Financial Markets Authority (AFM) said the shares were purchased on Feb. 17. Heineken Holding owns a controlling stake in brewer Heineken NV (HEIN.AS).

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 883 million euros ($939.87 million) at current market prices, triggering a disclosure requirement under Dutch stock market rules.

In a 2018 "Ask Me Anything" chat session on Reddit, Gates said he was "not a big beer drinker."

"When I end up at something like a baseball game, I drink light beer to get with the vibe of all the other beer drinkers. Sorry to disappoint real beer drinkers."

The Bill & Melinda Gates Foundation, the charitable foundation launched by the billionaire and his former wife, wasn't immediately available for comment.

REUTERS

Bill Gates

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