This purchase price represents an aggregate enterprise value for 100% of the bottler of $1,350m which results in a 2012 projected EBITDA multiple of approximately 13.5 times.
As part of the agreement, Coca-Cola Femsa will have an option to acquire the remaining 49% of CCBPI at any time during the seven years following the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six.
The transaction is expected to close in early 2013.
The Philippines’ market represents an expansion of Coca-Cola Femsa’s bottling footprint beyond Latin America, reinforcing its exposure to fast growing economies and its commitment to The Coca-Cola System.
Source: The Coca-Cola Company
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