| General FAQ |
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What is FEMSA's business? |
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FEMSA is a leading consumer company in Latin America. It controls Coca-Cola FEMSA, the largest Coca-Cola bottler in the region, and OXXO, the largest and fastest growing convenience store chain in Mexico with over 7,400 stores. FEMSA is also a significant investor in Heineken, a leading global brewer. |
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How does FEMSA participate in the global beer business? |
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FEMSA has to two representatives on the Heineken Supervisory Board who are José Antonio Fernández Carbajal, FEMSA's Chief Executive Officer, and Javier Astaburuaga Sanjines, FEMSA's Chief Financial Officer. José Antonio Fernández Carbajal is also a member of the Heineken Holding Board. Additionally Heineken created the Americas Committee to oversee the strategic direction of the business in the American continent and assess new business opportunities in that region. The Americas Committee consists of one FEMSA representative (José Antonio Fernández Carbajal), who acts as the Chairman and two existing members of the Heineken Supervisory Board. |
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What are FEMSA's operating subsidiaries? |
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We have two main sub-holding companies:
- Coca-Cola FEMSA
- FEMSA Comercio (OXXO)
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What is FEMSA's relationship with the Coca-Cola Company? |
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FEMSA and The Coca-Cola Company have been long-term strategic partners since Coca-Cola FEMSA was created in 1993.
FEMSA is the majority shareholder of Coca-Cola FEMSA, with 53.7% ownership of the outstanding capital stock and 63.0% of the voting rights. The Coca-Cola Company owns 31.6% of Coca-Cola FEMSA's outstanding capital stock and 37.0% of the voting interest. Public shareholders own the remaining 14.7% of the outstanding capital stock (with limited voting rights). |
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What is FEMSA's relationship with Heineken? |
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On April 30, 2010, FEMSA announced the closing of the transaction pursuant to which FEMSA agreed to exchange 100% of its beer operations for a 20% economic interest in the Heineken Group.
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What is OXXO's contribution to FEMSA's beverage strategy? |
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In Mexico, the small grocery store network is highly fragmented and presents economic opportunity for a well-managed convenience store chain such as OXXO. Thus far, the OXXO chain has enjoyed more than 16% annual growth in the number of OXXO stores, totaling over 7,400 nationwide.
As part of the Heineken transaction, OXXO stores will continue to benefit from the existing relationship under which FEMSA Cerveza will continue to be the exclusive supplier of beer to OXXO until June 2020.
Today the OXXO chain one of the largest customers of Coca-Cola FEMSA, selling over 5% of our Mexican division volumes.
Today OXXO is one of the largest customers of Coca-Cola FEMSA. |
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How does FEMSA participate in the global beer business? |
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FEMSA has to two representatives on the Heineken Supervisory Board who are José Antonio Fernández Carbajal, FEMSA's Chief Executive Officer, and Javier Astaburuaga Sanjines, FEMSA's Chief Financial Officer. José Antonio Fernández Carbajal is also a member of the Heineken Holding Board. Additionally Heineken created the Americas Committee to oversee the strategic direction of the business in the American continent and assess new business opportunities in that region. The Americas Committee consists of one FEMSA representative (José Antonio Fernández Carbajal), who acts as the Chairman and two existing members of the Heineken Supervisory Board. |