Cleary, SyCip Aid Coca-Cola Bottler's $688M Major Stake Buy

Law360, New York (December 14, 2012, 2:32 PM EST) -- Coca-Cola FEMSA S.A.B de CV, the largest franchise bottler of the popular soda, has inked a $688.5 million deal to take a majority stake in Coca-Cola Bottlers Philippines Inc., significantly expanding its global reach in a growing market, the companies announced late Thursday night.

Per the all-cash deal, FEMSA will take a 51 percent stake in CCBPI and will also earn an option to pick up the remaining stakes anytime within the next seven years, according to a statement. FEMSA said Friday that it plans to...
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