Latin America

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Coca-Cola FEMSA Reaches an Agreement to Acquire Vonpar in Brazil

Coca-Cola FEMSA, the largest public bottler of Coca-Cola products in the world by sales volume, announces that its Brazilian subsidiary, Spal Industria Brasileira de Bebidas S.A.(Spal), has reached an agreement with the shareholders of Vonpar to acquire 100% of Vonpar, one of the largest privately owned bottlers in the Brazilian Coca-Cola system, for an aggregate enterprise value of R$3,578 million and an approximate equity value of R$3,508 million (which is subject to confirmation on debt, cash and other customary adjustments between signing and closing). During the last twelve months ended June 30, 2016, Vonpar sold 190 million unit cases of beverages, including 23 million unit cases of beer, generating R$2,026 million in net revenues and an EBITDA of R$335 million.

Bolivia: Working towards building a national Coca Cola workers union

Roberto Vicente Baigorra Chávez, Secretary General of the Bolivian Embol Bottling Factory Workers Union in Santa Cruz, participated in the extraordinary meeting of FELATRAC (Latin American Federation of Coca Cola workers) organized in Buenos Aires. The constitution of an umbrella organization of unions organized in the Bolivian subsidiary of the transnational was the focus of this short interview.

Nicaragua: IUF affiliate signed a new contract with FEMSA reducing outsourcing

After two weeks of intense negotiations, the Union of Workers of the National Soft Drink Industry S.A. (SUT-INARSA) and Coca Cola FEMSA signed the new collective bargaining agreement which contains 74 clauses and will be valid for two years.

The Convention was signed on May 13 and established an average of 15 percent increase in economic terms, in some cases reaching 18 percent, for example for social benefits (food packages, productivity bonus, perfect attendance, uniforms, transportation, etc.).

Guatemala: STECSA and FEMSA sign new collective bargaining agreement

On the night of March 3, after 14 months of difficult negotiations and a suspension of nearly five months of negotiations, the Union of Workers of Embotelladora Central SA (STECSA) and Coca Cola FEMSA reached an agreement and signed the new collective bargaining agreement that will be valid for two years.

Possible strike at Coca-Cola Paraguay

On December 1 2015, Paraguay Refrescos SA, a Paraguayan subsidiary of Chile's Embotelladora Andina SA, the third largest Coca-Cola bottler in Latin America, presented a proposal to the workers whom deliver its products throughout the country daily. Workers have rejected this proposal and a few days before the outbreak of a possible strike, the union of drivers and sales assistants gave a final counter proposal.

Coca-Cola eyes Brazil dairy entry with Verde Campo acquisition

Coca-Cola is in talks to buy Brazilian dairy player Laticínios Verde Campo in a move that would see the soft drinks giant enter the country's dairy sector.

Brazil: Workers reach agreement at Coca-Cola FEMSA following strike notification

Wilson Vidoto, President of the IUF-affiliated Marilia Region Food Industry Workers Union (STIAM), representing FEMSA workers in Marilia, Brazil reported on the reasons that led to the decision of workers to strike.

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