Headlines

FEMSA Finalizes Philippines Bottler Acquisition

Coca-Cola FEMSA, S.A.B. de C.V. he largest franchise bottler of Coca-Cola products in the world, has finalized the acquisition of 51 percent of Coca-Cola Bottlers Philippines, Inc. (CCBPI) from The Coca-Cola Company for an amount of US$688.5 million in an all-cash transaction. The closing of this transaction is effective on Jan. 25, 2013. This purchase price represents an aggregate enterprise value for 100 percent of the bottler of US$1.35 billion. As part of the agreement, Coca-Cola FEMSA will have an option to acquire the remaining 49 percent of CCBPI at any time during the seven years following the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six.