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FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. - FMX STOCK NEWS

Welcome to our dedicated page for FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. news (Ticker: FMX), a resource for investors and traders seeking the latest updates and insights on FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. stock.

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a renowned Mexican multinational conglomerate headquartered in Monterrey, Mexico. FEMSA stands out in the beverage and retail sectors across Central and South America, operating the world's largest independent Coca-Cola bottling group and Mexico's largest convenience store chain.

FEMSA is structured into several divisions:

  • Retail Division: This includes OXXO, the leading convenience store chain in Mexico with expanding operations under Proximity Americas and Proximity Europe divisions. The European division includes Valora, which operates convenience and foodvenience formats.
  • Health Division: FEMSA operates drugstores and related activities through this division, alongside Digital@FEMSA, which encompasses digital financial services such as Spin by OXXO and Spin Premia.
  • Beverage Division: Coca-Cola FEMSA, the largest bottler of Coca-Cola products globally by volume, forms a significant part of FEMSA's operations.
  • Strategic Business Unit: This division handles logistics, distribution, point-of-sale refrigeration, and plastic solutions, serving both FEMSA's units and third-party clients.

In 2023, FEMSA divested its 15% stake in Heineken and its distribution business, focusing on its core sectors. Coca-Cola FEMSA and the OXXO chain collectively constituted 75% of FEMSA's total revenue and approximately 90% of its profits in 2023.

FEMSA's latest significant financial move includes a comprehensive Tender Offer to purchase outstanding US$552.83 million worth of 4.375% Senior Notes due 2043, with settlement concluded on November 9, 2023. This is part of FEMSA's strategic initiatives announced in February 2023, aimed at optimizing its business platform.

With over 350,000 employees across 18 countries, FEMSA is committed to creating economic and social value. The company is also recognized for its sustainability practices, featuring in indexes such as the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index.

FEMSA continues to focus on growth through strategic investments and partnerships, strengthening its position as a key player in the beverage and retail industries.

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Fomento Económico Mexicano (FMX) announced its subsidiary Compropago has received authorization from the Comisión Nacional Bancaria y de Valores to operate as an electronic payment funds institution in Mexico. This milestone is a significant step for FEMSA's digital strategy, aligning with efforts to enhance financial inclusion for over 4 million registered users. The CEO emphasizes the importance of this achievement for both economic and social value in local communities, reinforcing a secure and compliant business model.

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Fomento Económico Mexicano, S.A.B. de C.V. (FMX) will host its Third Quarter 2022 Conference Call on October 31, 2022, at 11:00 AM Eastern Time. The quarterly results will be released on October 28, prior to market opening. Interested participants can join the call by dialing toll-free US: (866) 580 3963 or international: +1 (786) 697 3501 with Conference ID: 1317423. The call will be available for live streaming on the company’s investor relations website, and a replay will also be accessible thereafter.

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FEMSA has successfully completed its public tender offer for Valora Holding AG, acquiring 96.87% of Valora's shares at a price of CHF 260.00 per share. A total of 4,234,923 shares were tendered. All necessary regulatory clearances have been received, allowing the settlement of the offer on October 7, 2022. Following the settlement, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange. The transaction reflects strong support from Valora shareholders.

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Fomento Económico Mexicano (FEMSA; NYSE: FMX) has received all regulatory approvals for its public tender offer to acquire Valora Holding AG at CHF 260.00 per share. The settlement is scheduled for October 7, 2022, following the definitive notice of the offer's results on October 5, 2022. After the acquisition, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange. This move aligns with FEMSA's strategy to enhance its portfolio in the convenience and food sectors.

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Fomento Económico Mexicano (FEMSA) has successfully completed its public tender offer to acquire Valora Holding AG shares at CHF 260.00 each. A total of 4,234,923 shares were tendered, giving FEMSA control over 96.87% of Valora's share capital. The completion of the offer now depends on regulatory approvals, after which FEMSA plans to initiate a squeeze-out procedure to delist Valora from the SIX Swiss Exchange. The definitive notice of the offer's results is expected on October 5, 2022, with settlement anticipated on October 7, 2022.

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FEMSA has confirmed that it received strong support for its public tender offer for Valora Holding AG, acquiring 84.42% of Valora's share capital by tendering 3,698,762 shares at CHF 260.00 per share. The offer's minimum acceptance condition has been met, and an additional acceptance period runs from September 16 to September 29, 2022. Following the offer's completion, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange, subject to regulatory approvals. The indicative timetable includes important dates for settlement and final results.

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FEMSA has announced the provisional interim results of its public tender offer to acquire Valora Holding AG at a cash price of CHF 260.00 per share. As of the end of the offer period, approximately 3.7 million Valora shares were tendered, giving FEMSA a total stake of 84.41% in Valora. The minimum acceptance condition has been met, allowing for an additional acceptance period from September 16 to September 29, 2022. Completion of the offer is contingent upon regulatory approvals, after which FEMSA plans to initiate a squeeze-out procedure to delist Valora shares from the SIX Swiss Exchange.

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Fomento Económico Mexicano (FMX) reported a robust 22.2% increase in consolidated revenues for Q2 2022 compared to Q2 2021, marking a 30.6% growth against Q2 2019. The company's EBITDA margin expanded to 15.3%, setting a record for Q2. Key sectors showed strong performance, including a 9.0% rise in same-store sales for Health and 17.3% growth in Logistics & Distribution revenues. Coca-Cola FEMSA reported an 11.9% growth in total volume. CEO Daniel Rodríguez highlighted the continued recovery post-COVID and plans for further growth.

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FEMSA (NYSE: FMX) has announced a public tender offer to acquire all publicly held shares of Valora Holding AG at a price of CHF 260.00 per share. The main offer period is slated to begin on August 11, 2022, and will conclude on September 9, 2022, pending regulatory approvals. Valora's Board of Directors has unanimously recommended that shareholders accept the offer, which aligns with FEMSA's strategic focus on European markets. Notably, Valora's largest shareholder, holding approximately 17%, has agreed to tender their shares.

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Fomento Económico Mexicano (FMX) invites investors to its Q2 2022 Conference Call on July 28, 2022, at 10:00 AM ET. Prior to the call, the company will release its quarterly results, which will be available before markets open. The call can be accessed via toll-free numbers and will also be webcast live. FEMSA operates across various sectors, including retail, health, and beverages, employing over 320,000 people across 13 countries. For more details, visit their investor relations website.

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FAQ

What is the current stock price of FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX)?

The current stock price of FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX) is $87.3 as of December 20, 2024.

What is the market cap of FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX)?

The market cap of FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX) is approximately 30.6B.

What is FEMSA?

FEMSA, or Fomento Económico Mexicano, S.A.B. de C.V., is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico.

What businesses does FEMSA operate?

FEMSA operates Coca-Cola FEMSA, the largest independent Coca-Cola bottling group, and OXXO, the largest convenience store chain in Mexico. It also has divisions in health, logistics, and digital financial services.

What recent financial moves has FEMSA made?

FEMSA recently completed a Tender Offer to purchase outstanding US$552.83 million of 4.375% Senior Notes due 2043.

What are FEMSA's core business divisions?

FEMSA's core divisions include its Retail Division (OXXO, Valora), Health Division, Beverage Division (Coca-Cola FEMSA), and Strategic Business Unit.

How many employees does FEMSA have?

FEMSA employs over 350,000 people across 18 countries.

What sustainability indexes is FEMSA part of?

FEMSA is part of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index.

What strategic initiatives did FEMSA announce in 2023?

In 2023, FEMSA announced a series of strategic initiatives aimed at optimizing its business platform, including a comprehensive review of its business units and capital structure.

What percentage of FEMSA's revenue comes from Coca-Cola FEMSA and OXXO?

In 2023, Coca-Cola FEMSA and the OXXO chain made up 75% of FEMSA's total revenue and around 90% of its profits.

Has FEMSA divested any major business segments recently?

Yes, FEMSA divested its 15% stake in Heineken and its distribution business in 2023.

What digital financial services does FEMSA offer?

FEMSA offers digital financial services through Spin by OXXO and Spin Premia.

FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.

NYSE:FMX

FMX Rankings

FMX Stock Data

30.61B
357.82M
33.05%
0.6%
Beverages - Brewers
Consumer Defensive
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United States of America
Monterrey