Printer Friendly

COCA-COLA FEMSA, MEXICO'S LARGEST COKE BOTTLER FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 NEW YORK and MEXICO CITY, Aug. 16 /PRNewswire/ -- Coca-Cola FEMSA, S.A. de C.V. ("Coca-Cola Femsa"), a Mexican soft drink bottler, announced today that it has filed a registration statement with the Securities and Exchange Commission covering a proposed initial public offering of 82,045,000 shares of Series L common stock. This secondary offering consist of 16,409,000 Series L shares to be offered in Mexico, 4,922,700 American Depositary Shares ("ADSs") to be offered in the United States and 1,640,900 ADSs to be offered internationally. Coca- Cola FEMSA is a joint venture between FEMSA, Mexico's largest beverage company, and The Coca-Cola Company. The Coca-Cola Company, through its subsidiary Inmex, acquired 30 percent of the equity of the company on June 21, 1993. FEMSA, the selling shareholder, will own 51 percent of the equity of the company after the offering, The Coca-Cola Company will own 30 percent and public shareholders will own 19 percent of the outstanding shares. The ADSs, each representing 10 Series L shares, will be listed on the New York Stock Exchange and the Series L shares will be listed on the Mexican Stock Exchange.
 The proposed offering is to be made following effectiveness of the registration statement, at which time the exact number of shares to be sold and other terms of the offering will be determined. At this time, the offering price is expected to be between US$17 and US$19 per ADS. The Series L shares have been approved for entry in the prior registration list by the Mexican National Securities Commission. The price of the Series L shares in the Mexican offering is expected to be the New Peso equivalent of between $1.70 and $1.90 per Series L share.
 The company's principal activities are the production, bottling and distribution of Coca-Cola, diet Coke, Sprite, Fanta and other trademark beverages of The Coca-Cola Company and other soft drink products. The company has a total of 13 bottling facilities with an annual production capacity of approximately 263 million unit cases. The company serves more than 145,000 retailers in Mexico.
 Bear, Stearns & Co. Inc. is the global coordinator of the offering and the lead manager for the U.S. offering. Casa de Bolsa Bancomer is the lead manager of the Mexican offering and Bear, Stearns International Limited is the lead manager of the international offering. J.P. Morgan is a co-lead manager in both the United States and international offerings and other co-managers are Merrill Lynch and Morgan Stanley in the United States and Barings and Warburg internationally. A preliminary prospectus may be obtained from Bear, Stearns & Co. Inc., 245 Park Avenue, New York, N.Y. 10167.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/16/93
 /CONTACT: Hector Trevino of Coca-Cola FEMSA, 011-5283-45-54-00, Alfredo Livas of FEMSA, 011-5283-45-54-00, Hannah Burns of Bear Stearns, 212-272-2395, or Carol Ruth of Dewe Rogerson, 212-688-6840/
 (KO)


CO: Coca-Cola FEMSA, S.A. de C.V. ST: IN: FOD SU: OFR

MP-LG -- NY077 -- 3148 08/16/93 14:19 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 16, 1993
Words:598
Previous Article:LEVIATHAN GAS PIPELINE PARTNERS, L.P. ANNOUNCES ACQUISITION OF OFFSHORE PLATFORM
Next Article:CHICAGO SUN-TIMES PROMOTES CHARLES F. CHAMPION TO SENIOR VICE PRESIDENT OF SALES & MARKETING, OVERSEEING BOTH ADVERTISING AND CIRCULATION
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters