Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced on May 19, 2025, that it has entered into an accelerated share repurchase (ASR) agreement with a financial institution in the United States. This agreement is for the repurchase of an aggregate amount of USD $250 million of its American Depositary Shares (ADS).
As part of the ASR agreement, an initial delivery of 483,559 ADSs is scheduled for May 20, 2025. The total number of shares ultimately repurchased will be determined by the daily volume-weighted average price of the company’s ADS during the agreement's term, less a discount.
The final settlement of the ASR agreement is expected to be completed by the third quarter of 2025 at the latest. This initiative is consistent with FEMSA's capital allocation framework and its commitment to enhancing capital returns to shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.