Fearful FEMSA
to spinoff Envoy?
Seeks sale to minimize
debt & integration costs?
FEMSA the $27Bn Mexican based convenience store & fuel station chain (Oxxo) that acquired Waxie-NAmerican jansan dealer network in 2020 via its Envoy Solutions subsidiary, has made 32 acquisitions in the hygiene & packaging business. Now surprising its board is exploring strategic alternatives? Has it got cold feet over the daunting integration challenge?
