Femsa signs agreement to acquire netpay, as part of its digital and financial solutions ecosystem

Monterrey, mexico, nov. 07, 2022 (globe newswire) -- fomento econÓmico mexicano, s.a.b. de c.v. (“femsa” or the “company”) (nyse: fmx; bmv: femsaubd, femsaub) announced today that its subsidiaries have signed an agreement to acquire all of the outstanding shares of net pay, s.a.p.i de c.v. (“netpay”). netpay is a merchant aggregator that offers several payment services and solutions to micro, small and medium-sized businesses in mexico. in 2019, femsa acquired a minority equity stake in netpay and now it has agreed with netpay's majority shareholders to acquire all of the remaining outstanding shares of the company, to take femsa's ownership to 100%.
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