FEMSA Sells Refrigeration and Foodservice Division to Mill Point

Core Strategy - FEMSA has reaffirmed its commitment to long-term value creation by focusing on core business verticals, aligning with the "FEMSA Forward" strategy introduced in early 2023 [1][3] - The strategy includes exploring alternatives for strategic businesses, including potential divestments [3] Recent Divestitures - FEMSA has completed the divestiture of its refrigeration and food service equipment operations to Mill Point Capital LLC for approximately 4,060 million Mexican pesos on a cash-free, debt-free basis [2] - The company sold 13.9% of its outstanding shares in Heineken in 2023, reducing its stake to less than 1% [4] Financial Performance - FEMSA reported solid revenue growth of 8.3% year-over-year, reaching $10 billion, with gross profit increasing by 12.1$7.9 billion, positioning it well for future growth [9] Digital Initiatives - FEMSA is advancing in the digital space through its tech and innovation unit, Digital@FEMSA, which aims to build a value-added digital and financial ecosystem [5] - The digital wallet, OXXO Premia, and loyalty program have shown strong performance, with Spin by OXXO reaching 12.5 million active users, a 42.2% year-over-year increase [7]