Coca-Cola Femsa buys up bottling business of Grupo Tampico
The largest independent Coca-Cola bottler in the world – Coca-Cola Femsa – has agreed to acquire the bottling operations of Grupo Tampico.
The largest independent Coca-Cola bottler in the world – Coca-Cola Femsa – has agreed to acquire the bottling operations of Grupo Tampico.
The soft drinks bottler is funding the deal, which is worth 9,300m pesos (€546m), by offering Grupo Tampico 63.5m newly issued Coca-Cola Femsa shares valued at 103.2 pesos each. Coca-Cola Femsa is also taking on 2,747m in net debt.
The acquisition will boost Coca-Cola Femsa’s leading position in the Mexican beverage industry, giving it four new bottling facilities and 25 additional distribution centers.
The deal is subject to regulatory approval and the agreement of the Coca-Cola Company and Coca-Cola Femsa’s shareholders.
Source: Coca-Cola Femsa
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