FEMSA assumes full ownership of OXXO Brazil
FEMSA (NYSE: FMX) completed the separation of the Grupo Nós joint venture with Raízen on Feb 2, 2026, resulting in FEMSA assuming full ownership of OXXO Brazil.
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Rhea-AI Summary
FEMSA (NYSE: FMX) completed the separation of the Grupo Nós joint venture with Raízen on Feb 2, 2026, resulting in FEMSA assuming full ownership of OXXO Brazil.
As part of the transaction, FEMSA retained the OXXO stores in Brazil and the distribution center in Cajamar, São Paulo. Remaining Grupo Nós assets and liabilities were allocated between FEMSA and Raízen according to their businesses.
Positive
- Completed separation from Grupo Nós with Raízen on Feb 2, 2026
- FEMSA retained OXXO stores in Brazil and the Cajamar distribution center
Negative
- None.
Details
News Market Reaction – FMX
On Feb 2, the day this news came out, FMX closed 0.64% above the previous close.
Data tracked by StockTitan Argus for the Feb 2 session.
Historical Context
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Accelerated share repurchase of $260M in ADSs announced.
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3Q25 revenues and operating income grew across key FEMSA segments.
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Scheduled call and release date for third quarter 2025 financial results.
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Announcement of new CEO effective Nov 1, 2025 and succession plan.
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Agreement for FEMSA to control 100% of OXXO Brazil and Cajamar DC.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTERREY, Mexico, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that it has completed the separation of the Grupo Nós joint venture in Brazil with Raízen S.A. (“Raízen”).
As a result of this transaction, FEMSA retained the OXXO stores in Brazil, as well as the distribution center located in Cajamar, São Paulo. The remaining assets and liabilities of Grupo Nós have been allocated between FEMSA and Raízen in accordance with their business.
About FEMSA
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 Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other 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. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Bestin-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.
Investor Contact (52) 818-328-6000 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com
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