Fomento Economico Mexicano (FMX) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Fomento Económico Mexicano (FEMSA) has entered into a definitive agreement to sell part of its logistics operations, Solistica, to Grupo Traxión, a prominent Mexican transportation and logistics firm, for about 4.06 billion Mexican pesos. The deal, which includes transportation management and contract logistics operations in Mexico, Colombia, and Brazil, but excludes FEMSA’s LTL operations in Brazil, aligns with FEMSA’s strategic Forward plan and is expected to conclude in the coming months pending regulatory approvals.
For further insights into FMX stock, check out TipRanks’ Stock Analysis page.