Mexico’s Femsa plans second major foreign investment in two months


09/27/19 – Reuters

By Dave Graham

Mexican conglomerate Femsa (FEMSAUBD.MX) said on Thursday it had signed a non-binding agreement to acquire a minority stake in U.S. cash-and-carry retailer Jetro Restaurant Depot, adding to recent investments by Mexican firms abroad.

Investment in Mexico has been unsettled by President Andres Manuel Lopez Obrador, who took office in December pledging to ramp up growth. But he has rattled markets with decisions that have undermined confidence in his stewardship of the economy.

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