Mexico City /
Mexican economic developmentfmsa) today announced a public cash offer to acquire all outstanding shares of the European company AG . holding ratewhat represents A process worth one thousand and 200 million dollars.
the valuelike Oxxo, is a local department store and is one of the main producers of pastries in the world founded in 1905 and headquartered in Mutansnear intrepidAnd the Swiss It currently employs 15,000 collaborators.
But no, buy the value He won’t take to every corner of the old continent A Oxxoas every day Mexicobut it represents an important step for the slice fmsa.
This company owns about 2,700 small-scale points of sale located in crowded places in Switzerland, Germany, Austria, Luxembourg and the Hollandwith brands like salted king y coffee show. This company is public, which means it is listed on swiss stock exchange.
the value It will continue to operate under its current name, becoming the commercial arm of the Proximity Division in FEMSA, in Europa He will be responsible for the development of European suitability markets for bottling companies in the future.
It also has 16 production lines in The United States, Germany and Switzerland; and exports to 30 markets. Just last year it hone 730 million products.
Valora’s trademarks and formats will be maintained in accordance with the team’s expansion and operations plans Vimes said in a statement that the current director of the European company.
Although it is still necessary to wait for the offer to be accepted by the investing public of the said company, once the transaction is completed, which may occur in the last quarter of the year, Valora will become the commercial arm of fmsa in Europa.
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