MONTERREY, Mexico and MUTTENZ, Switzerland, September 12, 2022 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, SAB de CV (“FEMSA”, BMV:FEMSAUBDFEMSAUB.MX, NYSE:FMX) today published the preliminary interim results of its public offer (“Offer”) by FEMSA’s wholly owned subsidiary, Impulsora de Marcas e Intangibles, SA de CV, to acquire all publicly held registered shares in Valora Holding AG (“Valora”; SIX: VALN ) at a price of CHF 260.00 net in cash per share as previously announced on July 5, 2022. Based on preliminary figures, 3,698,481 Valora shares had been tendered into the offer by the end of the offer period. Taking into account the Valora Shares tendered and the Valora Shares held by persons acting jointly with the Offeror, FEMSA’s holding totals 3,705,570 Valora Shares, which corresponds to 84.41% of Valora’s issued share capital and voting rights. FEMSA appreciates the strong support for the merger with Valora from Valora shareholders.

The preliminary announcement of the interim result is available at https://femsa.gcs-web.com/valora-transaction.

Subject to confirmation in the definitive announcement of the interim results planned for September 15, 2022, the minimum condition of the acceptance offer, namely the valid tender of two-thirds of Valora’s fully diluted share capital, has been met. The additional acceptance period for the offer begins on September 16, 2022 and is expected to last until September 29, 2022, 4:00 p.m. Swiss time.

Completion of the Offer is subject to other customary conditions, including regulatory approvals, as set out in the Offer Memorandum. Upon completion of the Offer and in accordance with the terms set out in the Offer Prospectus, FEMSA intends to initiate a squeeze-out process and delist the Valora Shares from trading on the SIX Swiss Exchange.

The preliminary timetable for the completion of the offering is as follows: