The agreement has been approved by Coca-Cola Femsa’s board of directors and is subject to the approval of the Conselho Administrativo de Defesa Econòmica, the Brazilian antitrust authority.
Coca-Cola Femsa will also seek the approval of The Coca-Cola Company on this transaction.
The aggregate enterprise value of this transaction is USD$448m and Companhia Fluminense’s estimated pro forma consolidated Ebitda of the last 12 months ended 31 March 2013 was US $40m.
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