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FEMSA completes investment in US cash and carry leader Jetro Restaurant Depot

DATE POSTED:November 8, 2019

MONTERREY, Mexico, Nov. 08, 2019 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that it has signed definitive agreements and closed the transaction to acquire a minority stake in Jetro Restaurant Depot (“JRD”).  The transaction includes investment in the operating and real estate-holding entities of JRD.  This transaction was originally announced on September 26, 2019 with the signing of a Memorandum of Understanding between FEMSA and JRD.