Coca-Cola Femsa to acquire Grupo Tampico

06/29/2011 | Bloomberg

Mexico's largest soft-drink bottler, Coca-Cola Femsa, is acquiring Grupo Tampico, based in the Mexican city of Tampico, in a $555 million all-share transaction. "We believe it's a geographical area of the country that will have important growth and we have plans to continue growing the business," said Coca-Cola Femsa Chief Financial Officer Hector Trevino, noting other small bottlers may prefer a transaction in shares.

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