Fomento Economico Mexicano (FMX) has released an update.
Fomento Económico Mexicano (FEMSA) has announced the acquisition of 249 Delek US Holdings’ convenience stores, predominantly located in Texas, for $385 million. This strategic move is set to launch FEMSA’s presence in the lucrative US convenience and mobility market, leveraging their extensive retail experience from operating more than 30,000 locations in Mexico and other countries. The deal, expected to close in the second half of 2024, aligns with FEMSA’s growth strategy and promises to create shareholder value.
For further insights into FMX stock, check out TipRanks’ Stock Analysis page.
