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Beverages & Wineries M&A image Beverages & Wineries M&A » By The Online Investor Staff, updated Fri., Aug. 7, 4:33 PM Recent mergers and acquisitions in the Beverages & Wineries M&A category.

Slide #17. Fomento Econmico Mexicano, S.A.B. de C.V. FEMSA Comercio

Acquirer: Fomento Econmico Mexicano, S.A.B. de C.V. (NYSE:FMX)
Acquiree: FEMSA Comercio
Details: Fomento Econmico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX) (BMV: FEMSAUBD) (BMV: FEMSAUB) announced today that its retail subsidiary, FEMSA Comercio, has closed the acquisition of a 75% stake in Farmacias YZA after obtaining all regulatory approvals.

Fomento Economico Mexicano participates in the following businesses: in the beverage industry, via Coca-Cola FEMSA, S.A.B. de C.V., the franchise bottler of Coca-Cola products; in the retail industry, through FEMSA Comercio, S.A. de C.V, 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

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August 7, 2020    4:33 PM Eastern
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Buy (3.10 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
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