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08-31-2013, 04:38 PM #1
Mexico's Coca-Cola Femsa buys Brazil's Spaipa in $1.855 BILLION deal
Mexico's Coca-Cola Femsa buys Brazil's Spaipa in $1.855 billion deal
ReutersSeptember 1, 2013, 4:13 am
MEXICO CITY (Reuters) - Mexico's Coca-Cola Femsa, a joint venture between Coca-Cola Co and Mexican retail and bottling company Femsa , said on Saturday it acquired Brazil's Spaipa S.A. Industria Brasileira de Bebidas in a deal valued at $1.855 billion.
Coke Femsa , Latin America's largest Coke bottler, said the all-cash acquisition would increase its volume in Brazil by 40 percent. It said Spaipa generated net revenues of $905 million in the 12 months ended June 30, 2013.
The deal comes days aftere Coca Cola Femsa said it completed a separate all-cash purchase of Brazilian Coke bottler Companhia Fluminense de Refrigerantes, for which it agree in June to pay $448 million.
http://au.news.yahoo.com/thewest/a/-/world/18740004/mexicos-coca-cola-femsa-buys-brazils-spaipa-in-1-855-billion-deal/NO AMNESTY
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