Mexico's Coca-Cola Femsa ditches plans to buy U.S. operations
Reuters
Published May 16, 2017 09:34AM ET
Mexico's Coca-Cola Femsa ditches plans to buy U.S. operations
MEXICO CITY (Reuters) - Mexico's Coca-Cola Femsa (MX:KOFL), the world's largest Coke bottler, said on Tuesday it has abandoned plans to acquire certain territories in the United States after thorough analysis and negotiations with The Coca Cola Company (N:KO).
Coca-Cola Femsa, a joint venture between Coca-Cola Co and Mexican bottler and retailer Fomento Economico Mexicano (Femsa), said it would continue evaluating acquisitions of other available territories currently operated by Coca-Cola's Bottling Investments Group.
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Written By: Reuters
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