Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced on October 10, 2024, that it has reached a definitive agreement with Grupo Traxión, S.A.B. de C.V., to divest certain of its logistics operations, doing business as Solistica. This transaction includes FEMSA’s transportation management operations in Mexico, as well as its contract logistics operations in Mexico, Colombia, and Brazil.
The total consideration for this divestiture is approximately $4,060 million Mexican pesos, on a cash-free, debt-free basis. This strategic move is a further step in the execution of FEMSA’s 'FEMSA Forward' plan, which was initially communicated in February 2023.
The transaction is subject to regulatory approvals and other customary conditions, with an expected closing in the following months. This divestiture allows FEMSA to sharpen its focus on its core retail and beverage businesses.
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