Coca-Cola FEMSA and Grupo Tampico Successfully Merge Their Bottling Operations
(firmenpresse) - MEXICO CITY -- (Marketwire) -- 10/11/11 -- Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola FEMSA" or the "Company"), the largest public bottler of Coca-Cola products in the world in terms of sales volume, and Grupo Tampico S.A. de C.V. ("Grupo Tampico") and its shareholders, announce the successful merger of Grupo Tampico's beverage division with Coca-Cola FEMSA.
Coca-Cola FEMSA held an ordinary and extraordinary shareholders meeting on October 10, 2011, at which the Company's shareholders approved this merger, amended the Company's by-laws to increase the number of board members from 18 to 21 and appointed Mr. Herman Fleishman and Mr. Robert Fleishman, President and Vice President, respectively, of Grupo Tampico, as director and alternate director in our Board.
The aggregate enterprise value of this transaction is Ps. 9,300 million, which at the time of the announcement of this merger represented an EV/EBITDA multiple of approximately 9.6 times. As a result of the completion of the due diligence process, no material adjustment was recorded, and Grupo Tampico's main shareholders received 63.5 million newly issued KOF series L shares. Coca-Cola FEMSA assumed Ps. 2,747 million in net debt.
This transaction received all necessary approvals, among others, the approval of The Comisión Federal de Competencia, the Mexican antitrust authority, and The Coca-Cola Company.
"We are pleased to have successfully closed this transaction in a relatively short period of time. This exemplifies what this team of professionals can achieve by working together towards the same goal: to consolidate our company's position as a leader in the beverage industry that remains focused on creating value for our shareholders. We embrace the Fleishman family, and we are confident that their expertise in the Mexican beverage industry will greatly contribute to our Company going forward," said Carlos Salazar Lomelin, Chief Executive Officer of the Company.
Coca-Cola FEMSA will start integrating the results of Grupo Tampico's beverage division during October, 2011.
Seale & Associates, Inc. and White & Case S.C. acted as exclusive financial and legal advisors, respectively, to Grupo Tampico in this transaction.
Kuri Breña Sánchez Ugarte y Aznar acted as legal advisors to Coca-Cola FEMSA in 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 parts of southeast and northeast 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), and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The Company has 34 bottling facilities in Latin America and serves more than to 1,600,000 retailers in the region.
Jose Castro
(5255) 5081-5120 / 5121
Gonzalo García
(5255) 5081-5148
Roland Karig
(5255) 5081-5186
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Datum: 11.10.2011 - 07:00 Uhr
Sprache: Deutsch
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