What's holding up
the Envoy sale?

Will FEMSA be pressured
to accept a 20% discount?

FEMSA the $27Bn Mexican based convenience store & fuel station chain (Oxxo) that acquired Waxie-NA jansan dealer network in 2020 via its Envoy Solutions subsidiary, has made 34 expensive acquisitions in the hygiene & packaging market. In Feb, FEMSA announced it was exploring strategic alternatives? So why the delay in selling? Can it recover its investments? We explore options. Updated