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/
October 09, 2024
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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.
Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.
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