10:31 AM EDT, 03/23/2026 (MT Newswires) -- Fomento Economico Mexicano (FMX), or Femsa, said Monday it has completed the accelerated share repurchase announced in December.

The company said it repurchased approximately 2.5 million of its American depositary shares at an average price of $104.41 each. The total amount of the ASR was $260 million, with the final settlement and delivery expected on Monday and Tuesday, the company said.

Femsa also said it has entered into a new ASR agreement with a different US financial institution to repurchase up to $300 million ADSs. Initial delivery of 591,774 ADSs is expected this month with final settlement in Q2, the company said.

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