KOF Eyes Coke's Philippines Bottler

KOF Eyes Coke's Philippines Bottler

Mexico Asia M&A

Mexico’s Coca-Cola Femsa (KOF) has struck an exclusivity agreement with Coca-Cola to analyze the possible acquisition of a majority stake in Coca-Cola’s bottling operations in the Philippines. The deal is good for 12 months, KOF says, but does not guarantee that a transaction will occur. Officials at KOF and Coca-Cola could not immediately be reached for comment. The agreement comes as the Mexican bottler is working to consolidate its position in the Latin American soft-drink bottling business.

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