FEMSA completes acquisition of Valora
MONTERREY, Mexico and MUTTENZ, Switzerland, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (("FEMSA", BMV:FEMSAUBD, FEMSAUB.MX, NYSE:FMX) today announces the settlement of its public tender offer ("Offer") by FEMSA's wholly-owned subsidiary Impulsora de Marcas e Intangibles, S.A. de C.V., for all publicly held registered shares of Valora Holding AG ("Valora"; SIX: VALN). As expected, the transaction was completed successfully on October 7, 2022. FEMSA currently holds 97.77% of the share capital of Valora and intends to initiate a squeeze-out procedure and request the cancellation of the remaining publicly held shares. FEMSA further intends to delist the Valor
