Femsa Offloads Logistics Operations to Grupo Traxion
Mexican behemoth Fomento Economico Mexicano has agreed to sell logistics operations to Mexican trucking firm Grupo Traxion for $205 million as the conglomerate continues to shed assets.
Mexicana Femsa vende operaciones logísticas a Traxión
El gigante mexicano Fomento Económico Mexicano (Femsa) acordó vender sus operaciones logísticas a la empresa mexicana de transporte Grupo Traxión por 4.000 millones de pesos (US$205 millones), en un momento en que el conglomerado sigue deshaciéndose de activos fuera de sus principales operaciones minoristas y de embotellado.
FEMSA to Divest Some Operations in Mexico, On Track With Forward Plan
FEMSA has been doing well in the digital space through its tech and innovation unit, Digital@FEMSA. This unit aims at building a value-added digital and financial ecosystem for consumers as well as businesses.
FEMSA announces agreement with TRAXIÓN to divest certain of FEMSA’s logistics operations
This transaction represents an additional step in the continued execution of the FEMSA Forward plan that was communicated in February of 2023. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the following months.
Mexico's Femsa to Sell Logistics Assets to Transport Firm Traxion
The agreed sale for 4.06 billion pesos ($208 million), free of debt and cash, includes Femsa's transportation management operations in Mexico and contract logistics operations in Mexico, Colombia and Brazil, but not its less-than-truckload operations in Brazil, Femsa said Thursday.
Seeking Alpha18d
Grupo Traxion's Growth Model Has Clear Leverage Limits; The Stock Is A Hold
Grupo Traxion has grown significantly via acquisitions and high CAPEX, but its capital-hungry businesses force a trade-off between debt control and growth. The company operates in low-margin ...
Bloomberg L.P.5d
Mexico’s Femsa Offloads Logistics Operations to Trucker Traxion
Mexican behemoth Fomento Economico Mexicano has agreed to sell logistics operations to Mexican trucking firm Grupo Traxion for 4 billion pesos ($205 million) as the conglomerate continues to shed ...
FEMSA To Sell Certain Logistics Operations For $4.060 Bln Mexican Pesos To Grupo Traxion
Fomento Economico Mexicano, S.A.B. de C.V. or FEMSA (FMX), a Mexican beverage and retail company, announced on Thursday that it has ...
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Traxion 2
All the Latest Game Footage and Images from Traxion 2 Welcome to Traxion 2! Again you take the role of a daring starship pilot, embarking on a series of break-neck missions into the caves of a ...
SNX: This Week’s Best Sneakers, Feat. Jack Harlow’s New Balance Debut, The Women’s Jordan 1 Satin Shadow & More
Nike and Paris Saint-Germain have formed a fruitful partnership, and the latest drop is one of the best we’ve seen so far.