Mexican antitrust authority rules on whether juice maker Jugos del Valle - partly owned by Coca-Cola - can assume control of Mexican dairy firm Santa Clara; interested parties must be notified of decision before further information can be released
July 9, 2012
(Industry Intelligence Inc.)
– The Mexican antitrust authority ruled on July 5 on whether juice maker Jugos del Valle – which is partly owned by the Coca-Cola Co. – could assume control of Mexican dairy firm Santa Clara, MarketWatch reported July 5.
However, the authority must first notify the interested parties of its decision before releasing further information, according to a source at Mexico’s Federal Competition Commission. The commission can either approve or deny the petition, or approve the request with conditions.
Coca-Cola acknowledged recently that Jugos del Valle had reached an agreement with Santa Clara but offered no other details.
The primary source of this article is MarketWatch, New York, New York, on July 5, 2012.