MONTERREY, Mexico and MUTTENZ, Switzerland, Oct. 3, 2022 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, SAB de CV (“FEMSA”, BMV:FEMSAUBDFEMSAUB.MX, NYSE:FMX) announces today that FEMSA’s wholly owned subsidiary, Impulsora de Marcas e Intangibles, SA de CV, has received all regulatory approvals for the settlement of the public purchase offer (“Offer”) to acquire all publicly held registered shares of 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. The public purchase offer for Valora will be settled on October 7, 2022.
The offer documents are available at https://femsa.gcs-web.com/valora-transaction.
The completion of the Offer is subject to other customary conditions 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) | Settlement of the offer (subject to the satisfaction of the remaining offer conditions) |
About FEMSA
FEMSA is a sociedad anónima bursátil de capital variable organized and incorporated under the laws of Mexico, the shares of which are listed on the Mexico Stock Exchange (Bolsa Mexicana de Valores) and the New York Stock Exchange. FEMSA owns a diversified portfolio of companies with direct offices in 13 countries. FEMSA operates the largest convenience store chain in Mexico and Latin America (OXXO) with more than 20,000 units and more than 3,600 pharmacies in four Latin American countries (Cruz Verde, Yza and others). FEMSA also owns the world’s largest bottler franchise of Coca-Cola products by sales volume (Coca-Cola FEMSA) and is the second largest…
