The US$3.6 billion takeover of the Latin American soft drinks group, Panamerican Beverages Inc. (Panamco), by the Mexican soft drinks bottler, Coca-Cola Femsa, has been approved by the Mexican Antitrust Commission.
Femsa announced on Friday that it had been given the go-ahead by the Mexican authorities. The company added that the Brazilian Ministry of Justice had issued a favourable legal opinion in support of the deal to the Brazilian Antitrust Commission which is due to make its ruling on the acquisition within the next 60 days.
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The acquisition would create the second largest bottler of Coke brands in the world.
