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Fomento Economico Mexicano SAB de CV (FMSAUBD.MX)

FMSAUBD.MX on Mexico Stock Exchange

186.15MXN
24 May 2019
Change (% chg)

$-0.87 (-0.47%)
Prev Close
$187.02
Open
$187.49
Day's High
$188.40
Day's Low
$184.65
Volume
1,980,320
Avg. Vol
2,631,083
52-wk High
$192.50
52-wk Low
$161.25

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

SoftBank exec sees major Mexican consumer firms as potential partners

MEXICO CITY, May 21 An executive in Japan's SoftBank Group said on Tuesday that the technology conglomerate is open to partnering with major Mexican consumer companies, such as retailer Femsa and bread-maker Bimbo, along with startups in the country.