Subsidiary of Mexican Arca Continental increases participation in Peru Beverage

Mexico’s Arca Continental, the second largest Coca-Cola bottler in Latin America, said on Wednesday that its subsidiary AC Bebidas signed a purchase-sale agreement with Peru Beverage to acquire 38.52% of its titles from the US $ 507 million in cash.

With the purchase, the share of AC Bebidas in Peru Beverage rose to 99.78%, Arca Continental said in a statement to the Mexican stock exchange (BMV).

The Mexican company stated that the purchase agreement considers 223 million 774,704 common shares of Corporación Lindley.

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