Femsa sees more acquisition opportunities in Europe

Femsa sees more acquisition opportunities in Europe

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Mexican beverage and retail group Femsa is looking for more acquisitions in Europe after offering to buy Swiss kiosk operator Valora for CHF1.1 billion ($1.19 billion), CEO Daniel Rodríguez said Tuesday. "We see that there are opportunities organically but also our intention is there are other acquisitions that we can see in other markets in Europe [that] we will do through Valora," Rodríguez said during a conference call. "That is the strategic intent for Valora as our vehicle here in Europe."

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