BLP advises FIFCO on landmark US$3.25 billion sale to HEINEKEN

BLP has participated in the successful closing of HEINEKEN’s acquisition of FIFCO’s beverage and retail businesses, a milestone transaction that marks a new chapter for one of Costa Rica’s most emblematic companies and for the Central American market.

BLP had the privilege of advising Florida Ice & Farm Company (FIFCO) throughout this strategic transaction, from the initial structuring and negotiation stages through to closing. The deal involved the sale of FIFCO’s stake in Distribuidora La Florida S.A. to HEINEKEN N.V., enabling the expansion of HEINEKEN’s footprint across multiple jurisdictions in Central America and beyond.

With a total purchase price of US$3.25 billion, the transaction stands among the most significant corporate deals in the region in recent years.

BLP provided comprehensive counsel on corporate, regulatory, competition, and contractual matters, supporting FIFCO through due diligence, transaction documentation, and all required regulatory approval processes across the relevant jurisdictions, up to the successful closing.

The BLP team was led by Partner Luis M. Castro, with key contributions from Partner Adriana Castro in M&A, Partner Uri Weinstok in antitrust and competition, and Director Carlos García on corporate matters.

BLP is honored to have supported FIFCO in this transformative milestone, reaffirming our commitment to delivering legal solutions with a strong business sense.

blplegal.com