Fomento Economico Mexicano (FMX) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Fomento Económico Mexicano (FEMSA) has announced an agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for $3,165 million pesos. This move aligns with FEMSA’s ongoing strategic FEMSA Forward plan aimed at refining its business focus. The deal awaits regulatory approval and is expected to finalize in the coming months.
For further insights into FMX stock, check out TipRanks’ Stock Analysis page.