Actionable news
0
All posts from Actionable news
Actionable news in KOF: COCA-COLA FEMSA S.A.B DE C.V,

Coke Femsa Sinks 5%: Brazil Beer Battle Brewing

Coca-Cola Femsa (KOFL.Mexico and KOF) reported an 11.5% rise in second quarter profit Monday, but shares of the Mexico-based bottler slipped 5.7% on news it could lose a Brazil Heineken Holding (HEIO.AS and HEINY) distribution contract.

Distribution in Brazil has been on the rise after hitting bottom over the past year as the economy struggled to exit a deep recession. Heineken clearly sees the opportunity. It acquired Brasil Kirin...


More