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The Power of 20 Billion
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1 Articles
368 billion pesos is slightly more than FEMSA Proximidad's revenue last year, meaning the sales generated by 24,000 Oxxo stores in Mexico, Brazil, Colombia, the United States, Chile, and Peru; 2,778 stores in Europe; 571 gas stations in Mexico; and 4,661 pharmacies in four Latin American countries. This amount is equivalent to what Reuters estimates is generated annually by fuel smuggling, known as huachicol fiscal (fiscal huachicol): $20 billio…
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