Fomento Económico Mexicano, S.A.B. de C.V. reports operating and financial developments for a Mexico-based beverage and retail group whose ADR trades as FMX. FEMSA's recurring updates cover OXXO small-format stores in Mexico and other Americas markets, fuel operations, Valora convenience and foodvenience formats in Europe, Health drugstores, Spin by OXXO and Spin Premia digital services, and its participation in Coca-Cola FEMSA.
FEMSA also announces segment-structure updates, quarterly results, conference-call notices, annual meeting materials, dividend actions, governance items and completed portfolio changes such as the assumption of full ownership of OXXO Brazil. These developments connect retail expansion, same-store sales, beverage bottling performance and capital-return decisions to FEMSA's public-company reporting.
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.
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.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) announced an all-cash offer to acquire Valora Holding AG for CHF 260.00 per share, representing a 57.3% premium over the average share price. The acquisition, supported by Valora's board and its largest shareholder, aims to enhance Valora's growth in Europe through FEMSA's expertise. The deal, valued up to CHF 1.1 billion, is expected to create new jobs and will be funded by FEMSA's cash reserves. The transaction is subject to regulatory approvals and aims to be settled by early October 2022.
Fomento Económico Mexicano S.A.B. de C.V. (FMX) reported a robust performance for Q1 2022, with total consolidated revenues surging by 18.6% year-over-year, reaching 147,636 million Ps.
Notable highlights include a 130 bps increase in Proximity EBITDA margin to 13.3%, and Health EBITDA margin up 150 bps to 10.7%, both setting first-quarter records. Coca-Cola FEMSA achieved 10.1% volume growth across all markets. Overall, the results reflect effective growth strategies and operational efficiencies despite ongoing inflation and supply chain concerns.
Fomento Económico Mexicano (FMX) has submitted its annual report on Form 20-F to the SEC for the fiscal year ending December 31, 2021. This report is accessible on FEMSA's investor relations website. Shareholders can request a hard copy of the report, which includes audited financial statements, at no cost. FEMSA operates in various sectors, including retail, health, beverage, and logistics, employing over 320,000 individuals across 13 countries. The company is recognized for its sustainability efforts, being part of notable sustainability indexes.
FEMSA, through its US subsidiary Envoy Solutions, has signed an agreement to acquire Sigma Supply of North America Inc. for its distribution capabilities. This acquisition is a strategic effort to enhance Envoy’s national distribution platform in the U.S., adding significant packaging materials distribution services. With this acquisition, Envoy will expand its footprint, particularly in Texas, and increase its operational centers to nearly 70 across 34 states. Sigma Supply generated approximately US$370 million in revenue in 2021, with the deal expected to finalize in Q2 2022.
Fomento Económico Mexicano (FMX) held its Annual Shareholders' Meeting on April 8, 2022, where key resolutions were approved. Shareholders accepted the consolidated financial statements for 2021 and the 2021 CEO's annual report. A cash dividend of Ps. 3.4000 per 'BD' Unit and Ps. 2.8300 per 'B' Unit was approved, payable in two installments on May 5 and November 7, 2022. Additionally, the maximum amount for the share repurchase program was set at Ps. 17,000 million, matching the 2021 approval. Board members for 2022 were also elected.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) announced its First Quarter 2022 Conference Call on May 2, 2022, at 9:00 AM ET. The quarterly results will be released before markets open on the same day. Participants can join via phone using the provided dial-in numbers. The call will be webcast live, and a replay will be available afterward. FEMSA operates in various sectors, including retail, beverage, and logistics, employing over 320,000 individuals across 13 countries. The company is recognized for its sustainability performance, being a member of notable sustainability indexes.
Fomento Económico Mexicano (FMX) has proposed an ordinary dividend of Ps. 11,358 million for 2022, reflecting a significant 48% and 10% increase from 2021 and 2020, respectively. This proposal, subject to approval at the Annual Shareholders' meeting on April 8, 2022, aligns with FEMSA's strong cash generation and promotes long-term business performance. The increase marks a return to historical dividend trends after a deviation in 2021.
FEMSA (NYSE: FMX) has successfully completed the acquisition of OK Market, a small-format store chain in Chile, after receiving regulatory approvals. This deal adds 134 new locations to FEMSA's existing proximity business, bringing the total to 258 stores in the region. The acquisition enhances FEMSA's scale as a proximity store operator in Chile, enabling better service for its consumers.