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MEXICO: Femsa approves dividends, may move stock to Madrid

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Shareholders in the Mexican brewer and bottler Fomento Economico Mexicano (Femsa) have voted in favour of two dividends, of 0.112 pesos per share and 0.140 pesos per share. The shareholders also approved a plan to list the company's stock on the Madrid stock exchange.

The payment of 0.112 peso per share will be made on its B series shares, and the payment of 0.140 peso payment on its D series shares, both as of May 31.

Meanwhile shareholders at its Coca-Cola bottling affiliate, Coca-Cola Femsa (KOF), approved a dividend of 0.3937 peso per share. KOF shareholders also approved establishing a share buyback fund of 400m pesos (US$43.9m).


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