MONTERREY, Mexico Jan 4 Arca Continental, Latin
America's No. 2 Coke bottler, said on Monday that it had
increased its stake in Peru's Corporacion Lindley to more than
60 percent with an additional purchase of common shares with
Arca, which has sought to strengthen its position in South
America, purchased more than 38 million common shares of
Corporacion Lindley at a price of $1.57 per share in
the acquisition concluded on Monday, the Mexican company said in
The Coca-Cola Company holds most of the rest, or
about 38.5 percent of Lindley's common shares with voting
Monterrey-based Arca estimates that it serves over
83 million consumers in Mexico, Ecuador, Peru and Argentina.
In September, Arca paid $910 million to the Lindley family
for 53 percent of the common shares.
(Reporting by Gabriela Lopez; Editing by Sandra Maler)