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Mexico: $76M trade pre-beverage merger scrutinized by authorities

By  |  February 21, 2013
Mexico: $76M trade pre-beverage merger scrutinized by authorities

According to reports, a Mexico authority is now probing a decision by UBS to broker a $76 million trade in Coca-Cola FEMSA shares hours before it bought out Grupo Yoli. The acquisition of Grupo remains subject to authoritative approval. Reports say that the trade was brokered only hours before UBS announced its merger plans. A source has told reporters that the National Banking and Securities Commission is investigating the matter. The Mexican Stock Exchange referred the transaction to the Commission. The source said, however, that neither party is accused of wrongdoing.

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