Femsa investing US$1.3 billion in Mexico

Mexican group Fomento Economico Mexicano (Femsa), owner of the Oxxo convenience stores chain, the soft-drink bottling company Coca-Cola Femsa (KOF) and chains of pharmacies, is allocating US$1.3 million to expand its different business divisions in 2018, said one of the group’s executives in a conference with annalists. After reporting the 2017 fourth trimester results, the executive added that resources will be injected to the distribution division of this corporation, as well as other divisions.  Femsa assigned US$770 million for KOF during 2017, followed by US$390 million for the commercial division; US$60 million for the health business division (pharmacies); US$40 million for the fuel division and US$75 million for logistics and refrigeration division.