Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) completed the acquisition of NetPay S.A.P.I. DE C.V.
April 02, 2023
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Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) signed an agreement to acquire majority shareholders to all of the remaining outstanding shares of NetPay S.A. de C.V. on November 7, 2022. In 2019, FEMSA acquired a minority equity stake in NetPay and now it has agreed to acquire NetPay's majority shareholders to take FEMSA's ownership to 100%. The transaction is subject to government approvals and is expected to close during the first quarter of 2023.
Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) completed the acquisition of NetPay S.A.P.I. DE C.V. on April 3, 2023.
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. 
