KOF Adds Bottler

KOF Adds Bottler

Mexico M&A

Coca-Cola Femsa (KOF) continues its consolidation drive in Mexico with an agreement to buy Grupo Yoli in a MXP8.81bn ($700m) deal. The transaction includes Yoli receiving 42.4m newly issued KOF shares, valued at MXP180 each, subject to final adjustments, and KOF assuming MXP1.01bn in debt. KOF also picks up 10% of Promotora Industrial Azucarera, bringing its holding in the sugar producer to 36%. “We consider the transaction to be positive for [KOF], getting a presence in more territory and in tw

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