The Coca-Cola Company announced today that it has completed a transaction that gives the company full ownership of its bottling operations in the Philippines.
The transaction was first disclosed in August, when Coca-Cola FEMSA announced that its board had voted to exercise an option to sell their majority stake in Coca-Cola Philippines back to The Coca-Cola Company. Coca-Cola previously held a minority investment in Coca-Cola Philippines.
Coca-Cola Philippines will be managed as part of the Bottling Investments Group (BIG) of Coca-Cola, which already has extensive operations in Southeast Asia. Coca-Cola welcomes Philippines employees to BIG. The company is now working to ensure a smooth transition of sales, distribution and manufacturing operations throughout the country.