Mexico's Femsa announces acquisition of Delek US Holdings unit (updated)

Coca-Cola Femsa SAB De CV

01/08/2024 14:32

(Adds transaction details)
       Aug 1 (Reuters) - Mexico's FEMSA, announced on Thursday
that it has entered into definitive agreements to acquire the
retail operations of Delek US Holdings  DK.N  for $385 million.
    The deal comprises 249 convenience stores, primarily located
in Texas, and also includes the purchase of inventories.
        FEMSA  FEMSAUBD.MX , which controls one of the largest
Coca-Cola bottlers and a string of convenience store chains,
added that the transaction is subject to customary regulatory
approvals but it is expected to close during the second half of
2024. 
  
        Delek US Holdings, a downstream energy company focusing
on crude refining, is divesting its retail operations.
  

 (Reporting by Natalia Siniawski; Editing by Aida
Pelaez-Fernandez)
 ((natalia.siniawski@thomsonreuters.com;))