Fomento Economico Mexicano Enters Agreement to Repurchase $250 Million Worth of Shares

MT Newswires Live

2025/05/19

Fomento Economico Mexicano (FMX) said Monday it has entered into a derivative instrument known as an accelerated share repurchase agreement with a US financial institution to buy back $250 million worth of its American depositary shares.

The company said it expects an initial delivery of 483,559 depositary shares on Tuesday.

The final settlement of the agreement is expected to be in Q3, the company said.

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