Coca-Cola Femsa to offload its stake in Coca-Cola Philippines

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Coca-Cola Femsa to offload its stake in Coca-Cola Philippines
The Coca-Cola Company has announced that its Bottling Investments Group will take over management of its bottling operations in the Philippines after Coca-Cola Femsa revealed plans to sell its stake. Coca-Cola Femsa, the largest Coke franchise bottler in the world by sales volume, is said to have taken the decision following a “thorough strategic review” and concluded that the sale is in the best interest of its shareholders. John Murphy, president of The Coca-Cola Company’s Asia Pacific group. ...
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