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VISA SELLS STAKE IN FEMSA TO EUROPEAN INVESTOR

 VISA SELLS STAKE IN FEMSA TO EUROPEAN INVESTOR
 MONTERREY, Mexico, June 12 /PRNewswire/ -- VISA, the Mexican holding


company, announced today that it has entered into an agreement to sell 11 percent from its total stake of 62 percent in Fomento Economico Mexicano, SA de CV (FEMSA), the leading Mexican beverage company, to a European investor.
 Following the consummation of this transaction, VISA will continue to hold 51 percent of FEMSA.
 "We will use the proceeds of this sale to pay down certain indebtedness at the VISA level," said Alfredo Livas, chief financial officer of VISA and FEMSA. "At the same time, VISA will retain its majority position in FEMSA, so that this transaction will have no influence on the management of FEMSA or on its continuing consolidation in the financial statements of VISA.
 "In addition, the fact that a European investor is acquiring a position in FEMSA is a further confirmation of the confidence that the international investment community has in the growth prospects and long-term value of FEMSA."
 VISA is the parent holding company of FEMSA, the leading Mexican brewer, soft-drink and packaging company, with net sales in 1991 of 5,952 billion pesos (US$ 1.9 billion). In addition to its own major brands of beer such as Carta Blanca and Tecate, FEMSA is the largest bottler in Mexico of Coca-Cola.
 -0- 6/12/92
 /CONTACT: Alfredo Livas of VISA, in Monterrey: 011-52-83-40-10-92, or Michael Rust of Burson-Marsteller, 212-614-4673, for VISA/ CO: VISA ST: IN: FOD SU: TNM


TS-OS -- NY026 -- 9607 06/12/92 10:44 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
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