Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced on November 4, 2024, the successful closing of its previously disclosed divestiture of its refrigeration and foodservice equipment operations, Imbera and Torrey. The buyer is Mill Point Capital LLC.
The transaction was completed for a total amount of $8,000 million pesos, on a cash-free, debt-free basis. This divestiture was initially announced on July 17, 2024, and its completion marks a significant step in FEMSA's strategic portfolio optimization.
This move aligns with FEMSA's 'FEMSA Forward' plan, allowing the company to further concentrate on its core retail, beverage, and digital businesses. The proceeds from this sale contribute to the company's capital allocation strategy.
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