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FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (FEMSA) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced the successful completion of its Tender Offer to purchase its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043. The Offer expired on November 6, 2023, and settled on November 9, 2023. FEMSA accepted for purchase all Securities tendered and paid approximately US$117 million to holders whose Securities were accepted for purchase.
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0.19%
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FEMSA announced the results of its Tender Offer to purchase its outstanding Senior Notes due 2043. The offer expired on November 6, 2023, with a settlement date expected on November 9, 2023. The aggregate principal amount of the Securities tendered and accepted for purchase is US$126,799,000. Holders whose Securities are accepted will receive US$900.21 per US$1,000 principal amount of the Securities, plus accrued and unpaid interest.
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0.37%
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FEMSA announces the offer consideration for its Tender Offer to purchase its outstanding $552,830,000 principal amount of 4.375% Senior Notes due 2043. Holders of Securities who tender by November 6, 2023, or deliver a Notice of Guaranteed Delivery by November 8, 2023, will be eligible to receive $900.21 per $1,000 principal amount of Securities.
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-0.42%
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FEMSA has successfully closed the transaction bringing together BradyIFS and Envoy Solutions. The merger aims to create a customer-focused platform that provides high-value solutions to customers and excellent market reach to supplier partners. FEMSA continues to deliver on its FEMSA Forward strategy.
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4.02%
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FEMSA has commenced a Tender Offer to purchase its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043. The offer will expire on November 6, 2023, and the settlement date is expected to be November 9, 2023. The offer consideration will be calculated based on the fixed spread and the yield of the reference security.
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1.28%
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FEMSA announces 19.3% growth in total consolidated revenues for Q3 2023. FEMSA Retail's Proximity Americas revenues increased by 20.8%. DIGITAL's Spin by OXXO had 6.4 million active users and Spin Premia had 17.7 million active loyalty users. COCA-COLA FEMSA saw 11.6% growth in total volume and 10.1% growth in revenues. CEO comments on positive results and future growth potential.
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1.8%
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FEMSA invites you to participate in its Third Quarter Conference Call on October 27, 2023.
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-0.54%
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FEMSA announces changes to its organizational structure and senior leadership team in alignment with the FEMSA Forward strategy. Jose Antonio Fernández Garza-Lagüera will lead the Retail business vertical. Juan Carlos Guillermety joins as CEO of Digital@FEMSA. Ian Craig remains CEO of Coca-Cola FEMSA. Other operations will report to the Corporate Office. Changes effective on November 1st, 2023.
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FEMSA enters definitive agreements with BradyIFS to create a new platform in the US. FEMSA will receive $1.7 billion in cash and retain a 37% ownership stake in the combined entity. Pro-forma revenues expected to reach $5 billion. Transaction allows Envoy Solutions and BradyIFS to combine strengths and expand market reach. FEMSA aims to contribute to governance and value creation but does not expect to provide additional capital. Transaction subject to regulatory approvals and expected to close in coming months.
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FEMSA (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced 18.3% growth in Total Consolidated Revenues and 19.9% increase in Proximity Americas total Revenues. Digital segment reported 5.7 million active users for Spin by OXXO and 15.8 million active loyalty users for Spin Premia. Coca-Cola FEMSA saw a 7.2% increase in total revenues. The financial summary for the second quarter and first six months of 2023 shows positive changes in Total Revenues, Gross Profit, and Income from Operations for FEMSA Consolidated and its business units.
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1.41%
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FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.
NYSE:FMX
FMX Rankings
FMX Stock Data
212.33B
3.30B
34.95%
0.09%
Soft Drink Manufacturing
Manufacturing
United States of America
Monterrey
About FMX
Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico.