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Beverages & Wineries M&A image Beverages & Wineries M&A » By The Online Investor Staff, updated Fri., Sep. 24, 7:17 AM Recent mergers and acquisitions in the Beverages & Wineries M&A category.

Slide #16. Fomento Econmico Mexicano, S.A.B. de C.V. Farmacias FM Moderna

Acquirer: Fomento Econmico Mexicano, S.A.B. de C.V. (NYSE:FMX)
Acquiree: Farmacias FM Moderna
Details: Fomento Econmico Mexicano, S.A.B. de C.V. announced that its retail subsidiary FEMSA Comercio has acquired Farmacias FM Moderna, a leading drugstore operator in the western state of Sinaloa. This transaction follows the recent acquisition of a controlling stake in Farmacias Yza in the southeast of Mexico, as FEMSA Comercio advances in its strategy to establish a relevant position in this attractive small-box retail segment.

Fomento Economico Mexicano participates in the following businesses: in the beverage industry, through its subsidiary Coca-Cola FEMSA, S.A.B. de C.V., the franchise bottler of Coca-Cola products; in the retail industry, comprising of the Proximity Division, operating the OXXO small-format store chain, the Fuel Division, operating the OXXO GAS chain of retail service stations and the Health Division, which includes drugstores and related operations; in the beer industry, through the Heineken Investment; and in other ancillary businesses, through its Other Businesses, including logistics services, point-of-sale refrigeration, food processing equipment and plastics solutions.

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Company Name:  Fomento Economico Mexicano, S.A.B. de C.V.
Sector:  Beverages & Wineries
Number of ETFs Holding FMX:  1
Total Market Value Held by ETFs:  $7.04M
Total Market Capitalization:  $137.54B
% of Market Cap. Held by ETFs:  0.01%

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September 24, 2021    7:17 AM Eastern
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Buy (3.00 out of 4)
21st percentile
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