Compelo Packaging - Latest industry news and analysis is using cookies

ContinueLearn More

Coca-Cola FEMSA and Grupo Yoli merge bottling operations

Coca-Cola FEMSA, the largest public bottler of Coca-Cola products in the world, and Grupo Yoli have agreed to merge their bottling operations.

The boards of directors of both the companies have given their assent to the agreement, which is subject to the completion of confirmatory legal, financial, and operating due diligence.

The total value of this transaction is estimated MXN8.81bn ($700m).

Grupo Yoli will receive approximately 42.4 million newly issued KOF series L shares at a value of MXN184 per share, calculated based on the average closing price of the KOF series L share over the 10 trading days preceding December 12, 2012, date on which the companies reached a non-binding agreement.