FEMSA announces agreement with AMMI to divest its plastics solutions operations
Fomento Económico Mexicano, SAB de CV (FEMSA), a Mexican multinational beverage and retail company headquartered in Monterrey, has reached a definitive agreement with AMMI, a leading US-based holding company focused on the production of non-GMO corn and sustainable plastic packaging and an affiliate of Milenio Capital, to divest FEMSA’s plastics solutions operations for a total of $3,165 million pesos, on a cash-free, debt-free basis.
According to the report, this transaction aligns with FEMSA's forward plan, which was announced in February 2023. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the coming months.
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