The Coca-Cola Company (NYSE:KO) gets hold of Brazil’s Spaipa for around $1.855 Billion

1001

Dallas, Texas 09/03/2013 (Financialstrend) – Mexico’s Coca-Cola FEMSA, the biggest Coke bottler in the globe, declared that it has got hold of Spaipa of Brazil.

The deal has been valued at around $1.855 billion.

The all-cash contract will boost Coca-Cola FEMSA’s volume by around 40% in the Brazilian market.

Even though it has been sanctioned by Coca-Cola FEMSA’s directorate, the agreement is still waiting for the authorization of Brazil’s antitrust agency. Coca-Cola FEMSA will also seek to gain the consent of The Coca-Cola Company (NYSE:KO).

From June last year to June this year, Spaipa sold around 233.3 million cases of drinks, comprising beer, for around $905 million in net income.

“We carry on creating a healthy platform in the Brazilian market with the acquirement of the second biggest privately possessed bottler in the structure, operating in one of the zones with the maximum gross domestic product (GDP) per capita in the nation,” Coca-Cola FEMSA CE Carlos Salazar Lomelin stated.

The agreement comes on the heels of Coca-Cola FEMSA’s acquirement of Brazilian Coke maker Companhia Fluminense de Refrigerantes for an aggregate sum of around $448 million.

Coca-Cola FEMSA makes and sells Del Valle, Coca-Cola, Sprite, Fanta as well as other beverages from The Coca-Cola Company in the Argentinean, Brazilian, Colombian, Costa Rican, Guatemala ,Mexican, Nicaragua, Panama, the Philippines and Venezuelan zones.

The firm owns 63 bottling plants and serves over 321 million consumers via 2,700,000 retail merchants with over 100,000 employees all over the world.

The Coca-Cola Company partners in Liberia’s expansion tale

During a visit to Liberian zone, Muhtar Kent, the Chairman and chief executive officer of The Coca-Cola Company, talked to with Liberian female entrepreneurs who are beneficiaries of the firm’s 5by20 plan.

Coca-Cola appeals court ruling on Kvas rival

The Coca-Cola Company has appealed a Russian court’s verdict to refuse a court case against an Omsk maker which the international soft drink maker stated utilizes their trademarked symbols to market the customary Russian drink kvas..

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.