Femsa to Sell Food Service Equipment Operations in $451.9 Million Deal
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Dow Jones
By Sabela Ojea
Fomento Económico Mexicano, also known as Femsa, is selling its refrigeration and food service equipment operations to Mill Point Capital for 8 billion Mexican pesos, equivalent to $451.9 million.
The Mexico-based beverage and retail company on Wednesday said that the definitive agreement reached with the private equity firm for the sale of Imbera and Torrey has been signed on a cash-free, debt-free basis.
The transaction is expected to close in the following months, Femsa said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 17, 2024 17:45 ET (21:45 GMT)
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