Coca-Cola FEMSA to Buy Panamanian Company

The Mexican group Coca-Cola Femsa has signed a preliminary agreement to acquire all the shares of Grupo Industrias Lácteas.

Friday, October 15, 2010

This agreement includes a commitment of exclusivity in negotiations, subject to government approvals, authorizations and a complete corporate legal, financial and operational audit.

This transaction will allow the Company to enter into the category of milk products, one of the most dynamic segments in scale and value in the industry of non-alcoholic beverages in Latin America. It is also an attractive opportunity for growth in the beverage market in Panama.

In case of obtaining all the approvals mentioned above and successfully conclude this transaction, this business would be part of the platform of non-carbonated beverages which Coca-Cola FEMSA shares with his partner, The Coca-Cola Company.

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