FEMSA has completed the separation of the Grupo Nós joint venture in Brazil with Raízen S.A., and as a result now assumes full ownership of the OXXO convenience stores in Brazil and the distribution center in Cajamar, São Paulo. The remaining Grupo Nós assets and liabilities were allocated between FEMSA and Raízen according to their respective businesses. FEMSA operates a broad retail and beverage portfolio across the Americas and Europe, including OXXO stores, drugstores, digital financial services through Spin, and Coca-Cola FEMSA, and employs more than 392,000 people in 18 countries.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) presents interim condensed consolidated balance-sheet items converted at Ps.18.8292 = U.S.$1.00 for reader convenience. The company reports Cash and cash equivalents of U.S.$6,895M (Ps.129,825M), Total current assets of U.S.$17,168M (Ps.323,259M) and Total assets of U.S.$26,872M (Ps.505,992M). Equity attributable to parent holders is U.S.$12,985M (Ps.244,482M). Key non-current items include Property, plant and equipment net U.S.$9,676M (Ps.182,186M), Right-of-use assets U.S.$5,277M (Ps.99,367M), and Intangible assets net U.S.$7,781M (Ps.146,503M), the latter noted as mainly from business acquisitions. Reported debt includes current portion of debt U.S.$715M (Ps.13,464M) and long-term bank loans U.S.$7,234M (Ps.136,215M). The filing is signed by the CFO, Martín Felipe Arias Yaniz.