Beverages & Wineries M&A » By The Online Investor Staff, updated Thu., Apr. 18, 1:47 PM
Recent mergers and acquisitions in the Beverages & Wineries M&A category.
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Slide #10. FEMSA Comercio — 80% of Doa Tota
Acquirer:
FEMSA Comercio (NYSE:FMX)
Acquiree:
80% of Doa Tota
Details:
Fomento Econmico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX) (BMV: FEMSAUBD) (BMV: FEMSAUB) announced today that its retail subsidiary FEMSA Comercio has agreed to acquire an investment stake representing 80% of Doa Tota, a leading quick-service restaurant operator, with the founding shareholders staying as partners with the remaining 20%.
Fomento Economico Mexicano participates in: the beverage industry, through its subsidiary Coca-Cola FEMSA, S.A.B. de C.V. a franchise bottler of Coca-Cola products; the retail industry, through its subsidiary FEMSA Comercio, S.A. de C.V. comprised of the Proximity Division, operating the OXXO store chain, the Fuel Division, operating the OXXO Gas chain of retail service stations and the Health Division, which includes drugstores and related operations; the beer industry, through the Heineken Investment; and other ancillary businesses, through its Other Businesses, including logistics services, distribution, point-of-sale refrigeration, food processing equipment and plastics solutions.
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