FEMSA enters $280 million accelerated share repurchase agreement

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB), known as FEMSA, announced it has entered into an accelerated share repurchase (ASR) agreement with a U.S. financial institution to buy back up to $280 million of its American Depositary Shares (ADS).

The final number of ADS repurchased will be determined by the daily volume-weighted average ADS price during the agreement term, less a discount, and is subject to market conditions and the agreement's terms and conditions. Final settlement is expected before the end of 2026.

The company said the agreement is consistent with its capital allocation framework and its commitment to returning capital to shareholders.

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