Coca-Cola Femsa of Mexico abandons plans to acquire US plants

News Hour:

Mexico’s Coca-Cola Femsa, the world’s largest Coke bottler, said on Tuesday it has abandoned plans to acquire certain territories in the United States after thorough analysis and negotiations with The Coca-Cola Company, reports Reuters.

Coca-Cola Femsa, a joint venture between Coca-Cola Co and Mexican bottler and retailer Fomento Economico Mexicano (Femsa), said it would continue evaluating acquisitions of other available territories currently operated by Coca-Cola’s Bottling Investments Group.

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