FMX Boosts Share Repurchase Plan, Progresses Well on Forward Strategy
Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, is focused on its Forward Strategy, which emphasizes the long-term value creation of its core businesses. FEMSA's capital allocation strategy revolves around key principles aimed at maximizing shareholder value while maintaining prudent financial management. In the latest move, the company entered into an accelerated share repurchase (ASR) agreement with a financial organization in the United States to buy back its shares via the acquisition of ...