Coca-Cola FEMSA and Grupo Yoli Successfully Merge Their Bottling Operations
May 24 2013 - 4:30PM
Marketwired
Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola
FEMSA" or the "Company"), the largest Coca-Cola franchise bottler
in the world, and Grupo Yoli, S.A. de C.V ("Grupo Yoli") and its
shareholders announce the successful merger of Grupo Yoli with
Coca-Cola FEMSA.
As a result of the merger, Grupo Yoli's shareholders will
receive approximately 42.4 million KOF series L shares.
Through this transaction, Coca-Cola FEMSA became the owner of an
additional 10.14% stake in Promotora Industrial Azucarera, S.A. de
C.V. ("PIASA"), a participant in the Mexican sugar industry.
"We are pleased to announce the successful merger of Grupo Yoli
with Coca-Cola FEMSA. This territory is completely contiguous to
our existing franchise in Mexico and presents an interesting
single-serve and sparkling beverage mix in its portfolio. In
addition, through this transaction, we increase our stake in PIASA
to more than 37 percent. Going forward, our joint operation will
certainly benefit from the potential synergies that our teams have
identified. We would like to thank everybody involved in this
transaction for their efforts to close this important merger, and
especially our new partner -- with whom we share an aligned vision
-- for the trust they place in our company," said Carlos Salazar
Lomelín, Chief Executive Officer of the Company.
Coca-Cola FEMSA will start integrating the results of Grupo Yoli
as of June, 2013.
Proyectos Financieros Especializados, S.C. (Profit) and Creel,
García-Cuéllar, Aiza y Enríquez acted as exclusive financial and
legal advisors, respectively, to Grupo Yoli on this
transaction.
Deloitte Galaz, Yamazaki, Ruiz Urquiza, S.C. and Raz Guzmán
Abogados acted as financial and legal advisors, respectively, to
Coca-Cola FEMSA on this transaction.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes
Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages
of The Coca-Cola Company in Mexico (a substantial part of central
Mexico, including Mexico City, as well as the south and northeast
of 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 part
of the state of Minas Gerais), Argentina (federal capital of Buenos
Aires and surrounding areas) and Philippines (nationwide), along
with bottled water, juices, teas, isotonics, beer, and other
beverages in some of these territories. The Company has 62 bottling
facilities and serves 317 million consumers through close to
2,700,000 retailers with more than 100,000 employees worldwide.
For Further Information: Investor Relations Jose
Castro Email Contact (5255) 1519-5120 / 5121 Roland Karig Email
Contact (5255) 1519-5186 Carlos Uribe Email Contact (5255)
1519-5148 Website: www.coca-colafemsa.com
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