Mexican retailer Femsa plans to complete asset sales next year, cut debt

Mexico's Femsa , which controls one of the world's largest Coca-Cola bottlers and a sprawling chain of Oxxo convenience stores, plans to wrap up a series of asset sales next year aimed at reducing debt, a company executive said. The company this year sold its stakes in Dutch brewer Heineken and U.S. wholesaler Jetro Restaurant Depot. The businesses that remain to be unloaded represent about 10% of the company's initial divestment plan to refocus on core businesses, Femsa's head of investor relations Juan Fonseca told Reuters in an interview on Thursday.