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Latin American Economy & Business - August 2013 (ISSN 1741-7430)
MEXICO-BRAZIL: Femsa Swoops On Spaipa
The Mexico-based Coca-Cola Femsa, the largest soft drinks bottler in Latin America, has agreed to buy Brazil’s Spaipa SA Industria Brasileira de Bebidas in a US$1.86bn cash-based deal. If approved by Brazil’s anti-trust authority, the deal will raise Femsa’s share of the Brazilian Coca-Cola market to around 39%.
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