FEMSA in its Acquisition of Coca-Cola FEMSA Shares from The Coca-Cola Company
November 3, 2006
Cleary Gottlieb represented Fomento Económico Mexicano, S.A. de C.V. (FEMSA) in its acquisition of 148,000,000 Coca-Cola FEMSA (KOF) Series D Shares from subsidiaries of The Coca-Cola Company for an aggregate purchase price of $427.4 million. Through this acquisition, FEMSA increased its voting participation in KOF from 53.6% to 63.0% and its economic participation from 45.7% to 53.7%. This transaction closed on November 3.
FEMSA is the largest beverage company in Latin America, exporting its products to the United States, and select countries in Latin America, Europe and Asia.