FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations

Group 1 - FEMSA has reached a definitive agreement to divest its plastics solutions operations to AMMI for a total amount of 3,165 million pesos on a cash-free, debt-free basis [1] - This transaction is part of the ongoing FEMSA Forward plan initiated in February 2023 and is subject to regulatory approvals and customary conditions, with an expected closing in the coming months [2] Group 2 - FEMSA operates in various sectors including retail through its OXXO store chain and health division, as well as in the beverage industry through Coca-Cola FEMSA, employing over 392,000 people across 18 countries [3] - AMMI is a conglomerate with 59 years of experience, focusing on non-GMO corn production and sustainable plastic packaging, with its products distributed in 180 countries [4] - AMMI aims to become carbon neutral by 2030 and operates the world's largest non-GMO corn production plant in Mexico [4]