6-K

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 June 2023

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-_____________

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.

FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V.
By:	/s/ Eugenio Garza y Garza
Eugenio Garza y Garza
Director of Finance and Corporate Development

Date: June, 6, 2023

EX-99.1

Exhibit 99.1

 

FEMSA Forward

Focused Leadership in Retail & Beverages

FEMSA achieves two key milestones in the execution of FEMSA Forward

Monterrey, Mexico, June 6, 2023 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has reached two key milestones in certain transactions set forth in its FEMSA Forward strategy, as laid out in February of this year:

· Divestiture of FEMSA’s remaining investment in Heineken.

o Following a series of market transactions, FEMSA has divested its minority investment in Heineken N.V. and Heineken Holding N.V., retaining only a residual amount of shares to meet its obligations under its already issued Exchangeable Bonds.

· Definitive agreement to divest FEMSA’s minority stake in Jetro Restaurant Depot.

o Subject to customary closing conditions, FEMSA will receive total cash consideration of US$1,400 million, with approximately US$467 million payable at closing in the second quarter of 2023, and the remainder payable over a two-year term.

As announced in February of this year, FEMSA Forward laid the path for FEMSA to maximize long-term value creation by becoming a highly focused platform built on its three core business verticals: Retail, Coca-Cola FEMSA, and Digital. To achieve such a structure, FEMSA committed to several important initiatives, and last week FEMSA successfully completed two of them under favorable terms and conditions, generating significant value for FEMSA.

Daniel Rodríguez Cofré, FEMSA’s Chief Executive Officer, commented:

“Less than four months ago and following the definition and approval of FEMSA’s long-range plan, we communicated our conviction that the best way to continue creating value at FEMSA is through a structure that focuses solely on our core business verticals, where we have built leading platforms, and that have proven capabilities, financial strength, and dynamic avenues for growth.

Last week, we announced the completion of two important steps on the path to that structure. Our team executed these complex transactions with determination, speed, and excellence, realizing positive results for our shareholders and moving us closer to our objective.”

FEMSA’s management team continues to work diligently to execute the rest of the strategy as directed by FEMSA’s Board of Directors, while continuing the strong operating momentum and solid performance seen through the beginning of the year.

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  Investor Contact (52) 818-328-6000 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com June 6, 2023 |  Page 1

 

About FEMSA

FEMSA is a company that 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 a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. FEMSA also participates in the logistics and distribution industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic solutions to its business units and third-party clients. Across its business units, FEMSA has more than 350,000 employees in 18 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index: S&P/BMV Total México ESG, among other indexes that evaluate its sustainability performance.

  Investor Contact (52) 818-328-6000 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com June 6, 2023 |  Page 2