FEMSA and TCCC have been expecting the approval since August, when the two companies acquired the business for $92m.
The transaction, which FEMSA will close soon, will provide Coca-Cola with a strong bottled water business in the region. In the past financial year, the business sold more than 2.6 million hectolitres of Brisa in Colombia.
Agua Brisa presentations of still, sparkling and flavoured waters are produced in 13 plants across Colombia and are currently sold in more than 230,000 outlets throughout the country. The Brisa operations in Panama are excluded from the transaction.
It’s the largest beverage company in Colombia, with brands including:
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