Pepsi Bottler Advances FO

Pepsi Bottler Advances FO

Mexico Equity

Mexico's Cultiba has set the price range for its “re-IPO” equity follow-on, targeting at least MXP3.94bn ($312m). The Pepsi bottler is offering 112.7m shares, including a 14.7m share greenshoe, at MXP35.00-MXP40.00 each, according to regulatory documents, indicating a MXP4.20bn transaction at the midpoint. The total includes 23.75m secondary shares to be sold by a group of holders. The timing has not been indicated. The shares are to be sold in international and local tranches, and represent 15.

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