MEXICO CITY — The Mexican antitrust authority ruled Thursday on whether juice maker Jugos del Valle may assume control of Mexican dairy firm Santa Clara as the Atlanta-based Coca-Cola Co. attempts to expand further into dairy products and noncarbonated beverages.
A source at Mexico's Federal Competition Commission told Dow Jones that the antitrust watchdog must first notify the interested parties of its decision before it can release further information. The commission has the option to approve or deny the petition, or to approve the request with conditions.
Jugos del Valle is jointly owned by Coca-Cola and Mexican bottlers of Coca-Cola brand products. A Coca-Cola spokesperson in Mexico said the company hasn't yet been informed of the antitrust authority's decision.
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