Coca-Cola FEMSA announced today their board has voted to exercise an option to sell their stake in
Coca-Cola Philippines will be managed as part of our Bottling Investments Group (BIG), which already has extensive operations in Southeast Asia and is focused on building strong foundations for long-term success. We are very confident in both the opportunity that lies ahead and the plans that we have underway to capture the potential of this important market. We look forward to continuing our strong ties in the Philippines, where we have been in operation for over 100 years.
To all associates of
To our customers, business partners and our millions of consumers in the Philippines, please know we will work relentlessly to ensure a smooth transition of our sales, distribution and manufacturing operations throughout the country.
We will share more information in the days and weeks ahead on detailed transition plans.