Mexico's FEMSA, the biggest Coca-Cola bottler in the world, wants to seize on the country's opening of the energy sector by purchasing fuel service station franchises. The soft drink firm announced Thursday that it plans to buy 227 franchises from state energy giant Pemex, which is losing its decades-old monopoly under an oil reform allowing private and foreign investment.
FEMSA has been present at those stations through its Oxxo convenience stores, but it was not allowed to sell fuel until the legislation was passed last year because the company includes foreign investors.
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