FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. By Sabela Ojea
Fomento Económico Mexicano, also known as Femsa, is selling its refrigeration and food service equipment operations to Mill Point Capital for 8 billion Mexican pesos, equivalent to $451.9 million.
The Mexico-based beverage and retail company on Wednesday said that the definitive agreement reached with the private equity firm for the sale of Imbera and Torrey has been signed on a cash-free, debt-free basis.
The transaction is expected to close in the following months, Femsa said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
07-17-24 1745ET
