Coca-Cola FEMSA Strikes US$700mn Soft Drinks Deal

摘要

Mexico's Coca-Cola FEMSA has certainly not shied away fromnacquisition-led growth of late. After entering Asia in late 2012 withnthe US$690 acquisition of The Coca-Cola Company's Philippinesnbottling business, FEMSA has struck a deal much closer to homenafter agreeing a US$700mn part-equity, part-debt deal with Mexicannsoft drinks company Grupo Yoli. While there is still great room forngrowth in core carbonates in Mexico, FEMSA has been keen to diversifynin terms of growing outside of Latin America. The proposednYoli deal, which is awaiting regulatory and shareholder approval,nillustrates the firm is also looking to grow outside carbonates.