AMMI agreed to acquire Plastics solutions operations of Fomento Económico Mexicano, S.A.B. de C.V. from Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) for MXN 3.2 billion on October 28, 2024. The total amount of MXN 3.2 billion on a cash-free, debt-free basis. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the following months.
Lorenzo Ruiz de Velasco of Baker McKenzie acted as legal advisor to AMMI.