Announced
Completed
Financials
Tags
Majority
Private
Completed
Acquisition
non-alcoholic beverages
Philippines
Soft Drinks
Synopsis
Coca-Cola FEMSA, the world’s largest public bottler of Coca-Cola products by sales volume, sold its Philippines operations to The Coca-Cola Company for $715m. The proceeds of this transaction will be used for debt repayment and general corporate purposes. The parties will continue to work and cooperate to ensure a smooth transition of the acquired business.
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