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Mexico/Brazil: Coca-Cola bottler looks south, continues M&A spree

 |  July 1, 2013

In its sixth merger in the past two years, the world’s largest public Coca-Cola bottler Coca-Cola FEMSA, based in Mexico, announced a deal to acquire Brazil’s Companhia Fluminense de Refrigerantes. The deal was announced publically via conference call by FEMSA CEO Carlos Vicente Salazar Lomelin. The deal, worth $448 million, is a move for the company to expand into the Brazillian market, sad Salazar Lomelin, as well as a consolidation of Coca-Cola’s leadership within the company’s top-five markets in volume.

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