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 Acquires Refrigerantes Minas Gerais (Remil) for US$364.1 Million
Consolidated Operations Will Reach 41 Million Brazilian Consumers
| Source: Coca Cola FEMSA
SAO PAULO, BRAZIL--(Marketwire - June 26, 2008) - Coca-Cola FEMSA, S.A.B. de C.V. (BMV : KOFL ) (NYSE : KOF ) ("Coca-Cola FEMSA"), the largest Coca-Cola bottler in
Latin America and the second largest Coca-Cola bottler in the world in
terms of volumes, announced today that it has successfully closed the
transaction with The Coca-Cola Company to acquire its Refrigerantes Minas
Gerais Ltda. ("Remil") franchise territory. The transaction is subject to
the customary approval of the antitrust local authorities. The aggregate
value of this transaction is US$364.1 million dollars. This transaction
reinforces
Coca-Cola FEMSA's strategy to grow in one of the most dynamic economic
regions in the world.
"This transaction will expand our footprint in Brazil by more than a third
and substantially increase the number of clients and customers that we will
serve through the most complete and balanced portfolio of high-quality
beverages," said Carlos Salazar, Chief Executive Officer of Coca-Cola
FEMSA.
Founded in 1948 in Belo Horizonte, Remil sold 114 million unit cases of
sparkling beverages, water, still beverages and beer in 2007. This
franchise serves the cities of Belo Horizonte, Contagem, Curvelo,
Divinópolis, Governador Valadares, Ipatinga, Juiz de Fora, Lavras,
Leopoldina, Mariana, Montes Claros, Janaúba, and Petrópolis. The company's
net revenues for 2007, under Brazilian GAAP, were approximately R$ 721
million.
Remil encompasses a population of approximately 15 million, including Belo
Horizonte, the third largest city in Brazil. Coca-Cola FEMSA's consolidated
operations in Brazil, including both of its franchise territories, will
represent approximately 30% of the Coca-Cola bottling system in Brazil,
employ approximately 9,200 people, include 4 production facilities, and
serve more than 41 million consumers.
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 and part of the
state of Goias) 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 30 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.