Mexico’s FEMSA announced on Monday it would sell 5% of a 20% stake it holds in Dutch brewer Heineken NV. The stake is said to be worth about €2.5bn ($3bn).

Heineken’s relationship with FEMSA began in 2010 when the Dutch brewer acquired the beer business of FEMSA which gave the Mexican firm a 20% stake in Heineken.

L’Arche Green NV, the company through which the Heineken family controls Heineken Holding NV, said it would acquire €200m of the €2.5bn in shares FEMSA was putting up for sale.