FEMSA to Divest Plastics Unit to AMMI

Fomento Economico Mexicano (FMX) has released an update.

Fomento Económico Mexicano (FEMSA) has announced an agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for $3,165 million pesos. This move aligns with FEMSA’s ongoing strategic FEMSA Forward plan aimed at refining its business focus. The deal awaits regulatory approval and is expected to finalize in the coming months.

For further insights into FMX stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.