Mexican authorities are reportedly examining a $76m trade brokered by UBS in Coca-Cola FEMSA shares just hours before the firm announced its acquisition of rival bottler Grupo Yoli on January 17.
Coca-Cola FEMSA insists that rival PepsiCo is ‘desperate’ to boost cola volume sales in parts of Mexico and has cut prices accordingly, but the former feels comfortable about pushing through price increases in most of its major markets.
Two international deals were approved last week - the takeover of
Panamco by Coca-Cola Femsa in Mexico and the merger of
Constellation Brands and BRL Hardy in Australia.
