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Femsa Completes Acquisition Of Valora

Oct 10, 2022

Acquiring Company

FEMSA

Acquired Company

Valora

MonterreyRetailLogisticsFood And BeverageRetail

Description

Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”; BMV: FEMSAUBD.MX; FEMSAUB.MX; NYSE: FMX) today announces the settlement of its public tender offer (“Offer”) by FEMSA’s wholly-owned subsidiary Impulsora de Marcas e Intangibles, S.A. de C.V., for all publicly held registered shares of Valora Holding AG (“Valora”; SIX: VALN). As expected, the transaction was completed successfully on October 7, 2022.

Quick answer

FEMSA is acquiring Valora, announced October 10, 2022. FEMSA is based in Monterrey, Nuevo León, Mexico.

How much did FEMSA pay for Valora?
The deal value was not disclosed.
What does FEMSA do?
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates.
Where are FEMSA and Valora based?
FEMSA is based in Monterrey, Nuevo León, Mexico.
Who are the decision-makers at FEMSA?
Fundz holds 3 contacts at FEMSA. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

FEMSA

Location

Monterrey, Nuevo León, Mexico

About

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Division operating OXXO, a small-format store chain, OXXO Gas, a chain of retail service stations, and Valora, an operator of convenience and foodvenience formats present in 5 countries in Europe. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and OXXO Premia, among other loyalty and digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. FEMSA also participates in the logistics and distribution industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic solutions to its business units and third-party clients. Across its business units, FEMSA has more than 350,000 employees in 18 countries.

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Frequently asked

Who acquired Valora?

Valora was acquired by FEMSA, based in Monterrey. The deal was reported on October 10, 2022. FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. FEMSA is privately held and operates in Retail.

When did FEMSA acquire Valora?

FEMSA's acquisition of Valora was reported on October 10, 2022. Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”; BMV: FEMSAUBD.MX; FEMSAUB.MX; NYSE: FMX) today announces the settlement of its public tender offer (“Offer”) by FEMSA’s wholly-owned subsidiary Impulsora de Marcas e Intangibles, S.A. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Valora do?

Each and every day, around 15,000 employees in the Valora network work to brighten up their customers’ journey with a comprehensive foodvenience offering – nearby, quick, convenient and fresh. It is privately held, operating in Food And Beverage.

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