KOF Ups Buying Spree with Queretano Bottler

KOF Ups Buying Spree with Queretano Bottler

Mexico M&A

Coca-Cola Femsa (KOF) has acquired the bottling operations of Grupo Fomento Queretano in a transaction worth MXP6.6bn ($479.3m), an indication of further consolidation in the Mexican bottling sector. As part of the purchase of Queretano, one of the oldest bottlers in Mexico, KOF will assume MXP1.22bn ($88.7m) of the target company’s debt and will pay Queretano shareholders with 45.1m of KOF’s newly issued L shares, at an estimated price of MXP119.29 per share for a total of roughly MXP5.38bn. Th

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