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Fomento Economico Mexicano SAB de CV (FMSAUBD.MX)

FMSAUBD.MX on Mexico Stock Exchange

174.80MXN
22 Mar 2019
Change (% chg)

$-0.11 (-0.06%)
Prev Close
$174.91
Open
$175.40
Day's High
$175.40
Day's Low
$172.41
Volume
4,322,749
Avg. Vol
2,727,008
52-wk High
$188.00
52-wk Low
$158.17

Latest Key Developments (Source: Significant Developments)

FEMSA Shareholders Approve Ps. 9,692 Million Dividend
Friday, 22 Mar 2019 

March 22 (Reuters) - Fomento Economico Mexicano SAB de CV ::FEMSA SHAREHOLDERS APPROVED PS. 9,692 MILLION DIVIDEND.FEMSA - SHAREHOLDERS ESTABLISHED AMOUNT OF PS. 7,000 MILLION AS MAXIMUM AMOUNT THAT COULD POTENTIALLY BE USED FOR CO'S SHARE REPURCHASE PROGRAM DURING 2019.  Full Article

Mexico's Femsa buys 30 pct of Mexican e-payments startup Shopnet
Monday, 4 Mar 2019 

March 4 (Reuters) - Fomento Economico Mexicano (Femsa) : :RETAIL DIVISION HAS ACQUIRED 30 PCT OF MEXICAN STARTUP SHOPNET, AN ELECTRONIC PAYMENTS MOBILE APP.STAKE OPENS PATH TO "ATTRACTIVE" MARKET AND WILL HELP SHOPNET TRIPLE IN SIZE.ACQUISITION IS FEMSA'S SECOND STARTUP INVESTMENT, AFTER INVESTING IN MEXICAN PAYMENTS COMPANY CONEKTA .SHOPNET, FOUNDED IN 2017, OPERATES IN MONTERREY AND GUADALAJARA WITH PLANS TO EXPAND TO MEXICO CITY.FEMSA DID NOT DISCLOSE COST OF ACQUISITION .  Full Article

UPDATE 1-Femsa's Mexican Oxxo stores feel squeeze from cost of taking cash

MEXICO CITY, Feb 28 Mexico's ubiquitous Oxxo stores, run by conglomerate Femsa, are grappling to control the escalating cost of accepting cash from the millions of Mexicans without bank accounts who rely on the chain for basic financial services, Femsa said on Thursday.