Fomento Economico Mexicano SAB de CV (NYSE:FMX)
$ 120.79 -1.23 (-1.01%) Market Cap: 216.11 Bil Enterprise Value: 217.27 Bil PE Ratio: 167.53 PB Ratio: 1.13 GF Score: 83/100
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Heineken NV Purchases €1 billion in Shares from FEMSA Call Transcript

Feb 17, 2023 / 12:00PM GMT
Release Date Price: $94.62 (-0.30%)
Harold P.J.van;den Broek
Heineken N.V. - CFO & Member of Executive Board

Good morning, good afternoon or evening, and thank you for making the time for the short investor call. The purpose of the call today is to give you context and clarity on the transaction we announced yesterday. On Wednesday night, FEMSA announced the outcome of its strategic review. As part of their new strategic direction, FEMSA announced its intention to focus on its retail and beverages business and to divest its holding in the Heineken Group in the next 24 to 36 months. FEMSA has been a valued partner and shareholder of Heineken for 13 years. Before going into the announced transaction, I would like to start with EverGreen.

Our ambition is to deliver superior balance growth to consistently create long-term shareholder value. We do this with a clear strategic focus on 5 priorities, beginning with driving top line growth by shaping the future of beer and beyond. These priorities propel our Growth Algorithm, accelerating growth, unlocking productivity gains, reinvesting them to grow faster and the

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