SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2019
FOMENTO ECONÓMICO
MEXICANO, S.A.B. DE C.V.
(Exact name of Registrant as specified in
its charter)
Mexican Economic
Development, Inc.
(Translation of Registrant’s name
into English)
United Mexican States
(Jurisdiction of incorporation or organization)
General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
_______
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
_______
Indicate by check mark whether by furnishing
the information contained in this
Form, the registrant is also thereby furnishing
the information to the
Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ¨ No x
If "Yes" is marked, indicate below
the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____________
Solistica announces
the acquisition of AGV, leader in value-added warehousing and distribution in Brazil
Monterrey, Mexico, November 8, 2019
— Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today
that Solistica, FEMSA’s logistics subsidiary, has reached an agreement to acquire AGV, a leader in value-added warehousing
and distribution in Brazil with gross annual sales approaching R$650 million.
About AGV
Founded in 1998, AGV operates a value-added
warehousing and distribution platform with more than 300,000 m2 of warehousing space located across 15 states in Brazil
and over 2,600 employees. Within its broad platform, AGV has built a particularly strong position in Brazil’s health and
nutrition-related sector, as well as in fast-moving consumer goods, which fit well with Solistica’s existing capabilities
and customer focus.
Transaction Rationale
This transaction represents an important
new building block for Solistica’s strategy in Brazil. Solistica will now become the first fully integrated Third Party Logistics
(3PL) solution provider in the Brazilian market, building a key differentiating factor among the leading players in the industry.
Since the acquisitions of Expresso Jundiai and Atlas in 2013 and 2015, respectively, Solistica has developed its portfolio of services
to become a major player in Less than Truckload (LTL) logistics in Brazil. AGV will generate synergies, complement the platform
and significantly enhance Solistica’s customer value proposition, allowing it to provide integrated logistics solutions to
its clients in the key Brazilian market.
The transaction is subject to customary
regulatory approvals and is expected to close during the first quarter of 2020.
####
About Solistica
Solistica is the Latin American 3PL logistic
solution integrator for the world, with presence in Mexico, Nicaragua, Costa Rica, Panama, Colombia, Brasil and the United States.
It offers supply chain solutions through FTL Transport, LTL Distribution, Warehousing, Value Added Services, Multimodal Solutions,
International Logistics and Vehicle Maintenance through its subsidiary Mecanica Tek. Its focus on security, innovation and flexibility,
and its capacity to adapt to the evolution of its more than 4,000 clients, enables Solistica to design the ideal configuration
to solve any logistical challenge across all industries. It is a FEMSA company that creates economic and social value by operating
a sustainable business strategy, based in its culture and values, with more than 21,000 employees.
About FEMSA
FEMSA creates economic and social value
through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It
participates in the retail industry through FEMSA Comercio, comprising a Proximity Division operating OXXO, a small-format store
chain, a Health Division, which includes drugstores and related activities, and a Fuel Division, which operates the OXXO GAS chain
of retail service stations. In the beverage industry, it participates through Coca-Cola FEMSA, a public bottler of Coca-Cola products;
and in the beer industry, as a shareholder of HEINEKEN, a brewer with operations in over 70 countries. Additionally, through its
Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business
units and third-party clients. Through its business units, FEMSA has more than 295,000 employees in 13 countries. FEMSA is a member
of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability
Index, among other indexes that evaluate is sustainability performance.
November 8, 2019
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the
registrant has duly caused this report to
be signed on its behalf of the
undersigned, thereunto duly authorized.
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FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V.
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By: /s/ Gerardo Estrada Attolini
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Gerardo Estrada Attolini
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Director of Corporate Finance
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Date: November 08, 2019
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