Contact Information: For Further Information: Investor Relations Alfredo Fernández (5255) 5081-5120 / 5121 Gonzalo García (5255) 5081-5148 Roland Karig Knebush (5255) 5081-5186 Website: www.coca-colafemsa.com
Coca-Cola FEMSA Announcement
Coca-Cola FEMSA and The Coca-Cola Company Agreed to Jointly Acquire Colombian Brisa Bottled Water Business From Bavaria, a Subsidiary of SABMiller
| Source: Coca Cola FEMSA
MEXICO CITY--(Marketwire - August 7, 2008) - Coca-Cola FEMSA, S.A.B. de C.V. ("Coca-Cola
FEMSA") (NYSE : KOF ) (MXSE : KOFL ) and The Coca-Cola Company entered into an
agreement to jointly acquire the Colombian Brisa bottled water business
(including the Brisa brand and production assets) from Bavaria, a
subsidiary of SABMiller.
The closing of the transaction is subject to approval from the Colombian
anti-trust authorities and compliance by both parties with customary
closing conditions.
This transaction will enable us to increase our presence in the water
business and complement our portfolio. Brisa sold 47 million unit cases in
2007 in Colombia.
"Through this acquisition, we will take another important step together
with The Coca-Cola Company. This transaction will expand our product
portfolio to satisfy our consumers' preferences, reinforce our water
strategy and continue to deliver value for our shareholders," said Jose
Antonio Fernandez Carbajal, Chairman of the Board of Coca-Cola FEMSA and
FEMSA.
The purchase price, which will be shared equally by Coca-Cola FEMSA and The
Coca-Cola Company, is US$92 million. The parties have also agreed to
customary arrangements regarding the performance of the business between
signing and closing.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Sprite,
Fanta, Lift and other trademark beverages of The Coca-Cola Company in
Mexico (a substantial part of central Mexico, including Mexico City and
southeast Mexico), Guatemala (Guatemala City and surrounding areas),
Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide),
Colombia (most of the country), Venezuela (nationwide), Brazil (greater São
Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, part of the state
of Goias and Minas Gerais) and Argentina (federal capital of Buenos Aires
and surrounding areas), along with bottled water, beer and other beverages
in some of these territories. The Company has 31 bottling facilities in
Latin America and serves over 1,500,000 retailers in the region. The
Coca-Cola Company owns a 31.6% equity interest in Coca-Cola FEMSA.