Some warehousing operations as well as distribution, logistics and refrigeration businesses no longer fit into Femsa's strategy and may be sold, Fonseca said.
Femsa's shares have surged more than 40% this year after shedding 4.8% in 2022.
Femsa, which last year acquired Swiss kiosk operator Valora for $1.15 billion, plans to concentrate on its retail, bottling and financial technology (fintech) operations.
Femsa is capitalizing on the ubiquity of its Oxxo stores by promoting fintech services in them, such as digital accounts and debit cards, Fonseca said.
Femsa's scale has allowed it to automate some processes, and it is looking for ways to cut energy costs, he said.
Persons:
Daniel Becerril, Juan Fonseca, Fonseca, Femsa, Valentine Hilaire, Christian Plumb, Rod Nickel
Organizations:
Coca, Coke, REUTERS, MEXICO CITY, Heineken, Reuters, Televisa, Alfa, Thomson
Locations:
Coca Cola, Monterrey, Mexico, MEXICO, U.S, Jetro, Swiss