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More Coke in Columbia

Coca-Cola FEMSA and Coca-Cola Co have received regulatory approval to acquire the Agua Brisa bottled water brand. Last year, the two companies had announced that they had agreed to buy the brand off its parent, Bavaria (a unit of SABMiller), for $92m.

The companies said the deal, which includes the Brisa brand and production assets, would help Coca-Cola to strengthen its position in the local bottled water market. In 2008, Brisa sold 47 million cases of water, and had a 30% share of the Colombian bottled water segment.

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Tuesday, October 17, 8:15 pm

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