It’s been rumoured for a little while, but Fomento Economico Mexicano SAB, the Mexican brewing and consumer products company informally known as FEMSA, can now be confirmed as being available for sale or merger.
In what is just the latest move in an ongoing wave of brewery consolidation, FEMSA has confirmed that the company “is in discussions with several parties to explore opportunities involving its beer business.” Read that to mean they want rid of brands like Dos Equis, Tecate and Sol so that they can concentrate on their other divisions, which include soft drinks and retail. The deal could be worth as much as US$9 billion.
Suspected suitors include London-based SAB Miller and the Dutch brewer Heineken.