PHILIPPINES: Cosmos Bottling Corp to exit stock exchange

By | 5 April 2013

Coca-Cola FEMSA entered the Philippines in January

Coca-Cola FEMSA entered the Philippines in January

Cosmos Bottling Corporation, a subsidiary of Coca-Cola Bottlers Philippines, is leaving the Philippine bourse seven years after it last traded.

In a disclosure to the Philippine Stock Exchange on Wednesday (3 April), Cosmos said its board has agreed to delist its shares. Philippine Bottlers Inc, which is 100%-owned by Coca-Cola Bottlers Philippines, will pick up the shares in a tender offer from 17 April to 16 May, the disclosure said.

The transaction will cost PHP28.4m (US$689,650).

Cosmos stock was suspended from trading in May 2006 after the company failed to submit a 2005 annual report, according to local media. Only 1.79% of its shares remain in public hands, the report said.

The move comes four months after Coca-Cola FEMSA completed the takeover of a majority stake in Coca-Cola Bottlers Philippines, the company's first acquisition outside Latin America.

Expert analysis

Soft Drinks in Philippines

Soft Drinks in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Philippines soft drinks market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Mergers & acquisitions, Soft drinks

Companies: FEMSA

There are currently no comments on this article

Be the first to comment on this article

Related research

Coca-Cola FEMSA, S.A.B. De C.V. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report

"Coca-Cola FEMSA, S.A.B. De C.V. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and...

FEMSA (Fomento Economico Mexicano SA de CV) in Soft Drinks (Mexico)

FEMSA is the leading bottling company for The Coca-Cola Co in Mexico and globally. The company also manages a large retailing division under the OXXO brand with over 10,000 stores across the country and a beer products division that was acquired by H...

Carbonates in Costa Rica

As the carbonates competitive environment keeps changing, the Big Cola brand is consolidating its position among lower and even mid-income buyers, who are very attracted to the evident price differences in comparison with the leading companies. Altho...

Related articles

just the Round-Up - The week in drinks

The top ten stories published on just-drinks this week:

BRAZIL: Coca-Cola FEMSA tells Heineken to improve distribution deal

The head of Coca-Cola FEMSA has called on Heineken to boost the bottler's margins in Brazil as it continues to expand distribution coverage for the Dutch brewer.

BRAZIL: Coca-Cola FEMSA to buy bottler Spaipa Industria Brasileira de Bebidas

Coca-Cola FEMSA is set to boost its volumes in Brazil by around 40% with the takeover of independent bottler Spaipa Industria Brasileira de Bebidas.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page