Latest news with #Femsa
Bloomberg
20-05-2025
- Business
- Bloomberg
Femsa Exits Heineken After 15 Years With €359 Million Sale
Fomento Economico Mexicano SAB, a Mexican Coca-Cola bottler and convenience store operator, sold its remaining stake in Heineken Holding NV as it focuses on its core business. Femsa, as the company is known, offered about 5.2 million shares priced at €68.70 ($77.32) a piece, according to terms seen by Bloomberg, with the transaction raising €359 million for the seller.
Bloomberg
30-04-2025
- Business
- Bloomberg
Loose Cigarettes, Shorter Calls Mark Slowdown for Mexican Firms
As US tariff threats continue to wreak havoc on the Mexican economy, consumers are cutting back on everything from cell service and coffee to cigarettes and tequila. That's hitting the country's biggest companies including billionaire Carlos Slim's wireless provider America Movil SAB and retail conglomerate Femsa. America Movil said that 821,000 prepaid customers disconnected their service in Mexico, while others were making shorter calls to save money.
