Coca-Cola FEMSA, S.A.B. de C.V. (KOF: Quote) and Grupo Yoli, S.A. de C.V and its shareholders announced the successful merger of Grupo Yoli with Coca-Cola FEMSA.
The company said that as a result of the merger, Grupo Yoli's shareholders will receive about 42.4 million KOF series L shares.
Through this transaction, Coca-Cola FEMSA became the owner of an additional 10.14% stake in Promotora Industrial Azucarera, S.A. de C.V., a participant in the Mexican sugar industry.
Coca-Cola FEMSA will start integrating the results of Grupo Yoli as of June, 2013.
by RTT Staff Writer
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