SPY334.72+0.15 0.04%
DIA277.21+2.59 0.94%
IXIC10,932.73-78.26 -0.71%

Solistica Acquires AGV; Terms Not Disclosed

Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE:FMX, BMV:FEMSAUBD) announced today that Solistica, FEMSA’s logistics subsidiary, has reached an agreement to acquire AGV, a leader in

Benzinga · -

Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE:FMX, BMV:FEMSAUBD) announced today that Solistica, FEMSA’s logistics subsidiary, has reached an agreement to acquire AGV, a leader in value-added warehousing and distribution in Brazil with gross annual sales approaching R$650 million.