Mexico "Nearshoring": A Focus on Femsa

28 September 2023

Our specialist Emerging Markets equities investment partner, Northcape Capital, recently returned from a trip to Mexico where they met with FEMSA, the country’s fifth biggest company by revenue and a top 5 position in the portfolio. FEMSA operates the largest independent Coca-Cola bottling group in the world and Latin America’s leading convenience chain, OXXO. Here the team discuss the growth of the OXXO chain and the valuation opportunity for FEMSA.



Northcape Capital

Northcape Capital
Expert Investment Partner