FOR: COCA-COLA FEMSA, S.A.B. DE C.V.
Coca-Cola FEMSA and The Coca-Cola Company Sign an Exclusivity Agreement to Evaluate the Potential Acquisition of a Controlling Stake of the Philippines Bottling OperationsFEB 20, 2012 - 17:00 ET
MEXICO CITY--(Marketwire - February 20, 2012) - Coca-Cola FEMSA, S.A.B. de C.V. (
Both parties believe that KOF's expertise and successful track record operating in fragmented markets and emerging economies can be effectively deployed in this territory and contribute significantly towards expanding the penetration of, and consumer preference for, The Coca-Cola Company's brands in this market.
This agreement does not require either party to enter into a transaction, and there can be no assurances that a definitive agreement will be executed.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City, the southeast and northeast Mexico), Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater São Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, part of the state of Goias, and part of the state of Minas Gerais), and Argentina (Buenos Aires and surrounding areas), along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The Company has 35 bottling facilities in Latin America and serves more than 1,700,000 retailers in the region.
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