logo
Plus   Neg
Share
Email

Coca-Cola FEMSA, Grupo Yoli Announces Successful Merger - Quick Facts

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. (AMZN) Thursday reported a first-quarter profit that more than doubled from a year ago, driven largely by a huge 46 percent growth in revenues. Shares of the online retailer gained 6 percent in extended session. Seattle, Washington-based Amazon reported first-quarter profit of $1.63... Software giant Microsoft Corp. (MSFT), Thursday reported an increase in profit for the third-quarter that trumped analysts' estimates, driven largely by strong growth in cloud business, as the software giant continues its transition from key software business to cloud business. Redmond, Washington-based... Shares of Deutsche Bank were losing around 2 percent in German trading after the banking giant reported lower profit and revenues in its first quarter with weakness in all segments, mainly Corporate & Investment Bank. Separately, the bank announced actions to reshape its Corporate & Investment Bank and additional cost-cutting measures, including job cuts.
Follow RTT