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Coca-Cola buys FEMSA stake.

The Coca Cola Co. has announced that it has purchased a minority stake in Fomento Economico Mexicano SA (FEMSA), a beverage company based in Monterrey, Mexico, that owns the largest Coke franchise in the world.

FEMSA recently said it was near an agreement to sell Coca Cola a 30 to 49 percent stake in its soft drink division at $1 billion.

Miller Brewing also owns a stake in FEMSA. Industry analysts have speculated that the brewer may look to increase its share after Anheuser-Busch's recent purchase of an 18 percent stake in FEMSA competitor Grupo Modelo.
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Title Annotation:Coca-Cola Co. (Atlanta, Georgia); Fomento Economico Mexicano S.A. de C.V.
Publication:Modern Brewery Age
Date:May 3, 1993
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