MONTERREY, Mexico and MUTTENZ, Switzerland, September 30, 2022 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, SAB de CV (“FEMSA”, BMV:FEMSAUBDFEMSAUB.MX, NYSE:FMX) today published the final preliminary results of its public offer (“Offer”) by FEMSA’s wholly owned subsidiary, Impulsora de Marcas e Intangibles, SA de CV, to acquire all publicly held registered shares in Valora Holding AG (“Valora”; SIX : VALN ) at a price of CHF 260.00 net in cash per share as previously announced on July 5, 2022. Based on preliminary figures, 4,234,923 Valora shares were tendered as part of the offer by the end of the additional acceptance period. Taking into account the Valora Shares tendered, the Valora Shares acquired by the Bidder outside of the Offer during the additional Acceptance Period and the Valora Shares held by persons acting jointly with the Bidder, FEMSA’s interest totals 4,252,410 Valora shares. Shares, representing 96.87% of Valora’s issued share capital and voting rights.
FEMSA appreciates the strong support for the merger with Valora from Valora shareholders.
The completion of the Offer is subject to customary conditions, including regulatory approvals, as set out in the Offer Prospectus. Upon completion of the Offer and in accordance with the terms set out in the Offer Prospectus, FEMSA intends to initiate a squeeze-out process and delist the Valora Shares from trading on the SIX Swiss Exchange.
The indicative timeline for the completion of the Offering is as follows:
| Wednesday 5 October 2022 | Final Notice of Final Outcome of Offer |
| Friday, October 7, 2022 (estimated) | Completion of the Offer (subject to satisfaction of the remaining Offer Conditions, including regulatory approvals. |
The preliminary announcement of the final result is available at https://femsa.gcs-web.com/valora-transaction.
About FEMSA
FEMSA is a sociedad anónima bursátil de capital variable Organized and existing under the laws of Mexico, whose shares…
