Coca-Cola FEMSA cancels U.S. purchases

FEMSA revealed its decision not to continue with the purchase of certain U.S. operations in the Bottling Investments Group by The Coca Cola Company announced last February 2016. “After a deep process of analysis and negotiations with The Coca-Cola Company to purchase certain terrains in U.S., KOF has concluded that under the terms offered, it will not complete the acquisition”, said the Firm. KOF said it evaluates the purchase of certain operations within the Bottling Investments Group by The Coca-Cola Company, on a preferential base according to the collaboration frame.