Femsa, a Mexican multinational beverage and retail company headquartered in Monterrey, completed the acquisition of Valora, a provider of foodvenience platforms with convenience stores and food service operations in Switzerland, for $1.4bn. "We are excited to have completed the acquisition of Valora as it marks the beginning of our fruitful joint future. I would like to thank our employees and other key stakeholders who have shown their support throughout the acquisition process. We look forward to further expanding on Valora’s successful strategy with the continued support of Valora’s management and team members to jointly develop the European market leader in convenience stores and food service," Daniel Alberto Rodríguez Cofré, FEMSA CEO.