Coca-Cola Femsa continues divestment strategy with Philippines sale

Coca-Cola Femsa continues divestment strategy with Philippines sale

M&A Asia Mexico

Coca-Cola Femsa is moving ahead with its divestment plans, agreeing to exercise an option to sell its stake in the company's Philippines subsidiary. The move comes less than a year after the soft drink bottler snapped up about $3bn from selling a portion of shares in Dutch beer company Heineken. While no transaction size was disclosed, Femsa said the sale price may not exceed the value agreed during the original purchase. As previously reported by LatinFinance, Coca-Cola Femsa agreed in December

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