FEMSA Reaches Definitive Agreement With AMMI To Divest Its Plastics Solutions Operations For Total Amount Of $3.165B Pesos
Portfolio Pulse from Benzinga Newsdesk
FEMSA has reached a definitive agreement with AMMI to divest its Plastics Solutions operations for 3.165 billion pesos, as part of its FEMSA Forward plan. The transaction is expected to close in the coming months.
October 28, 2024 | 9:38 pm
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FEMSA is divesting its Plastics Solutions operations to AMMI for 3.165 billion pesos, aligning with its FEMSA Forward plan. This move is part of FEMSA's strategic restructuring.
The divestment is a strategic move under FEMSA's FEMSA Forward plan, indicating a focus on core operations and potential for improved financial health. This could positively impact FMX's stock price in the short term.
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IMPORTANCE 80
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