FEMSA (FMX) Acquires NetPay

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Go back to FEMSA (FMX) Acquires NetPay

FEMSA signs agreement to acquire NetPay, as part of its digital and financial solutions ecosystem

November 7, 2022 4:10 PM EST

MONTERREY, Mexico, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA or the Company) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that its subsidiaries have signed an agreement to acquire all of the outstanding shares of NET PAY, S.A.P.I DE C.V. (NetPay). NetPay is a merchant aggregator that offers several payment services and solutions to micro, small and medium-sized businesses in Mexico. In 2019, FEMSA acquired a minority equity stake in NetPay and now it has agreed with NetPays majority shareholders to acquire all of the remaining outstanding shares of... More