MEXICO: Coca-Cola FEMSA completes Grupo CIMSA deal
Coca-Cola FEMSA has announced the closure of the MXN11bn (US$834m) deal
Coca-Cola FEMSA has confirmed the completion of its acquisition of the bottling operations of Grupo CIMSA.
The Mexican bottler announced the closure of the MXN11bn (US$834m) deal in a filing today (12 December). Last month, Coca-Cola FEMSA received clearance for the deal from Mexico's antitrust commission.
The deal gives the Mexican soft drinks giant control of 50% of Coca-Cola Co volumes in Mexico. In addition, Coca-Cola FEMSA will become the owner of a 13.2% stake in Promotora Industrial Azucarera, a participant in the Mexican sugar industry.
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