FEMSA announces shares in the US for 250 million pesos • Markets • Forbes Mexico

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Mexican bottling and retail and retail announced Monday that it signed an agreement for the repurchase of shares in the United States for an amount of 250 million dollars.

FEMSA said that the operation will be carried out through a derived financial instrument known as ASR that contemplates an initial delivery of 483,559 of its titles in New York on Tuesday, although it did not detail in a brief statement who is its counterpart in the transaction.

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With Reuters information

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