Equity Analysis /
Mexico

FEMSA: Flash: Continues to expand the presence of the distribution business in the US

  • Femsa has agreed to acquire Penn Jersey for an undisclosed sum

  • Penn Jersey´s revenues amount to US$200 million (LTM) which is equivalent to 0.8% of Femsa's consolidated revenues

  • We view the announcement as positive, although this transaction should not be that relevant to the company's valuation

Juan Barbier
Juan Barbier

Equity Research Analyst

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
8 September 2021
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