Mexican retailer Femsa plans to complete asset sales next year, cut debt
© Reuters. FILE PHOTO: The logo of Coca Cola Femsa, the largest Coke bottler in the world, is pictured at its headquarters in Monterrey, Mexico April 25, 2017. Picture taken April 25, 2017. REUTERS/Daniel Becerril) bottlers and a sprawling chain of Oxxo convenience stores, plans to wrap up a series of asset sales next year aimed at reducing debt, a company executive said.) and U.S. wholesaler Jetro Restaurant Depot.
Other Mexican companies have also moved to simplify their structure, by spinning off some businesses, such as broadcaster Televisa and conglomerate Alfa, although their shares have failed to respond as positively. The company's fintech business, called Spin, is set to reach 10 million clients by 2024 from about 8.8 million now, he said.
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