From Earlier: Coca-Cola FEMSA and The Coca-Cola Company Sign an Exclusivity Agreement to Evaluate the Potential Acquisition of a Controlling Stake of the Philippines Bottling Operations

Coca-Cola FEMSA, S.A.B. de C.V.

announced that it has entered into a 12 month exclusivity agreement with The Coca-Cola Company

to evaluate the potential acquisition of a controlling ownership stake in the bottling operations owned by The Coca-Cola Company in the Philippines. Both parties believe that KOF's expertise and successful track record operating in fragmented markets and emerging economies can be effectively deployed in this territory and contribute significantly towards expanding the penetration of, and consumer preference for, The Coca-Cola Company's brands in this market. This agreement does not require either party to enter into a transaction, and there can be no assurances that a definitive agreement will be executed.