Femsa to Become Gasoline Retailer

by Murry Page

27 Feb 15 

mazmessenger.com

 

Fomento Economico Mexicano (Femsa), the main bottler of Coca-Cola announced it will acquire 227 Pemex gas stations, which it is actually already operating under the brand Oxxo Gas. The company entered the gasoline business in 1995, but under the law it could only do so through third parties who had Pemex franchises because it had foreigners among its shareholders.

Under the recently passed energy reforms, private operators, including foreigners, will now be permitted in the retail gasoline business. Femsa told reporters it plans to buy the gas station operations where it has agreements with Pemex franchisers and operates under the brand Oxxo Gas.

According to Femsa it will lease, buy or open more stations in the future. In its filing on Thursday with the Mexican Stock Exchange (BMV), in which it submitted its fourth quarter financial report, Femsa said “it decided to pursue a strategy of accelerated growth in this business.”

(from Economía)

FEMSA to Buy Sinaloa’s Farmacon Pharmacy Chain

by Murry Page

3 Dec 14 

mazmessenger.com

 

Mexico’s Femsa said on Monday it agreed to buy Farmacias Farmacon, a drugstore operator based in the state of Sinaloa, for an undisclosed sum. Farmacias Farmacon operates more than 200 stores in the states of Sinaloa, Sonora, Baja California and Baja California Sur.

Femsa, which operates the OXXO chain of convenience stores and also has a joint venture with The Coca-Cola Co to bottle Coke through Coca-Cola Femsa, has been expanding into pharmacies and fast food over the last few years.

Femsa said in a brief statement that the acquisition of Farmacias Farmacon was “an important step as Femsa Comercio advances in its strategy to establish a relevant position in this attractive small-boxretail segment.”

Femsa is based in the city of Monterrey and owns Coca-Cola Femsa, Femsa Empaques and Femsa Logistica, among other businesses.

(from Reuters)

Oxxo offers New Money Transfer Service

theyucatantimes.com

The maximum amount of the transfer will be 500 pesos (39 dollars) and a commission of 5% of the amount sent will be charged.

Oxxo announced that a nationwide money transfer service starts operating today in more than 11,000 of its convenience stores, owned by the Monterrey based “Fomento Económico Mexicano” Company (Femsa).

“The money transfer service is available every day of the week from 8:00 am to 8:00 pm” said the company in a statement.

Asencio Carrión, services manager of Femsa Comercio, explained that the goal of the company is to innovate in services and meet the needs of all customers.

“Our stores can bring financial services to Mexicans and provide a good channel for sending small amounts of money, with a competitive commission. We offer a service designed to make life easier for those who need send financial aid” said the manager.