Oxxo Completes Its Entry into Europe; FEMSA Completes Acquisition of Valora
- FEMSA plans to delist from the SIX Swiss Exchange and cancel remaining shares held by public investors after acquiring Valora, aiming to expand its successful strategy and become a European market leader in convenience stores and food services.
- Valora, a European company, operates over 2,700 small-scale retail locations in Switzerland, Germany, Austria, Luxembourg, and the Netherlands.
Fomento Económico Mexicano (FEMSA), the owner of Oxxo, has announced the completion of its acquisition of the European chain Valora, acquiring 97.77% of the company's share capital. Valora operates approximately 2,700 small-scale retail points located in high-traffic areas in Switzerland, Germany, Austria, Luxembourg, and the Netherlands.
The acquisition includes well-known brands such as K Kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, Avec, Caffè Spettacolo, and the popular private label ok, as well as a growing range of digital services. Valora is also one of the world's leading pretzel producers and benefits from a well-integrated value chain in the baked goods sector.
It is noteworthy that in July of this year, FEMSA announced its plans to expand its proximity store business in Europe by acquiring all the shares of the foodvenience Valora platform for 260 Swiss francs per share, totaling approximately 1.1 billion Swiss francs (1.115 billion USD).
