Grupo Traxión, S.A.B. de C.V. (BMV:TRAXION A) agreed to acquire FEMSA, transportation management operations in Mexico from Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) for MXN 4.06 billion on cash-free, debt-free basis on October 10, 2024. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the following months. Banco J.P. Morgan (Mexico), S.A acted as exclusive financial advisor to Fomento Económico Mexicano, S.A.B. de C.V.