FEMSA to acquire retail business from Delek US Holdings for $385m.

FEMSA, a Mexican multinational beverage and retail company, agreed to acquire retail business from Delek US Holdings, a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing, for $385m. “At FEMSA, we have a long-held ambition to enter the US convenience and mobility industry, and this transaction represents the ideal way for us to take our first step in this compelling market. We have been building and expanding our retail operation in Mexico for over 45 years, eventually reaching ten other countries in South America and Europe, and a store base of more than 30,000 locations. As we welcome our new DK colleagues into the FEMSA family, we are excited to embark on this new and important journey together,” José Antonio Fernández Garza-Lagüera, FEMSA CEO.