FEMSA Signs $280M Accelerated Share Buyback Deal

FEMSA announced that it entered into an accelerated share repurchase agreement with a United States financial institution. Under the contract, the company agreed to repurchase up to $280 million of its American Depositary Shares.

The transaction aligns with the company's capital allocation framework to boost shareholder returns. Each ADS underlying unit represents 10 of FEMSA's BD Units, which each consist of one Series B Share, two Series D-B Shares, and two Series D-L Shares.

The final volume of repurchased ADSs will depend on the daily volume-weighted average price across the term, minus a discount. Final settlement is scheduled to take place before the end of 2026.

FEMSA operates in retail and beverages, employing more than 369,000 workers across 18 countries. Its retail businesses include OXXO stores, gas stations, European food outlets, and drugstores, alongside Coca-Cola FEMSA in beverages.