Mexican bottling and retail company Femsa decided to pursue an aggressive growth strategy in retail gasoline by buying gas station franchises of the Mexican state oil company.
Mexican bottling and retail company Femsa on Thursday said that it decided to pursue an aggressive growth strategy in retail gasoline by buying gas station franchises of Mexican state oil company Pemex, which it said a sweeping energy reform finalized last year now allows it to do.
The reform gradually liberalizes the retail gasoline sector in Mexico, allowing the creation of gas stations without Pemex branding and the sale of gasoline not purchased from the country’s long-time monopoly supplier.
The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores, reported a profit of 7.254 billion pesos (US$492 million).
more recommended stories
The Best Winter Cruise Deals 2018/2019
Winter isn’t officially here until December.
Riviera Maya Jazz Festival closed last week a record-breaking 16th edition
The 16th edition of Riviera Maya.
Yucatecan woman accused of animal cruelty against her own Chihuahua dog
A Yucatecan woman who painted her.
Migrants in Tijuana trickling over and under border wall
TIJUANA, Mexico (AP) — A steady.
Noche Blanca a city full of Culture
As every year since 2013, the.
More than 2 million people went to the Yucatan Fair at Xmatkuil this year
Merida, Yuc. (Notimex).- A massive influx.
Yucatán participates in protocol for prophylactic HIV treatment
Mexico, Dec. 7 (Notimex).- Several countries.
Get a knee replacement in Mexico and save enough money to live on for a year
“Typically, a knee replacement costs $35,000.
AMLO strikes Jalisco Nueva Generación cartel’s finances
New Mexican President Andres Manuel Lopez.
Passenger Traffic Up 10.0% in Mexican Airports in first week of December
Grupo Aeroportuario del Pacífico, S.A.B. de.