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Coca Cola Femsa SAB de CV Signs Definitive Agreement to Acquire 51% of The Coca-Cola Company's Philippines' Bottling Operation


Friday, 14 Dec 2012 12:01am EST 

Coca Cola Femsa SAB de CV announced that it have signed a definitive agreement for Coca-Cola FEMSA to acquire 51% of Coca-Cola Bottlers Philippines, Inc. (CCBPI) for an amount of USD688.5 million in an all-cash transaction. This purchase price represents an aggregate enterprise value for 100% of the bottler of USD1,350 million which results in a 2012 projected EBITDA multiple of approximately 13.5 times. As part of the agreement, Coca-Cola FEMSA will have an option to acquire the remaining 49% of CCBPI at any time during the seven years following the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six. The transaction is expected to close in early 2013.