Bloomberg News

Mexican Stocks: Coca-Cola Femsa, Cemex, Grupo Bimbo Advance

December 16, 2011

Dec. 15 (Bloomberg) -- The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 3 p.m. Mexico City time.

The IPC index was little changed at 36,006.90.

Cemex SAB (CEMEXCPO MM) advanced 1.1 percent to 6.52 pesos, as the largest cement maker in the Americas received $360 million in Petroleos de Venezuela SA bonds, the last portion of $600 million it’s receiving from Venezuela’s government for the nationalization of the company’s local unit.

Coca-Cola Femsa SAB (KOFL MM) jumped 1.5 percent to 121.88 pesos as Latin America’s largest Coke bottler bought the beverage division of Grupo Fomento Queretano for 6.6 billion pesos ($475 million), according to a statement to regulators. Grupo Fomento Queretano’s beverage unit operates two bottling facilities and serves clients mainly in the state of Queretaro, according to the statement.

Grupo Bimbo SAB (BIMBOA MM), the world’s largest breadmaker which gets more than half its revenue from U.S. sales, added 1.4 percent to 26.82 pesos as U.S. jobless claims fell to the lowest level since 2008, a sign the world’s largest economy may be strengthening heading into 2012.

--Editors: Glenn J. Kalinoski, Brendan Walsh

To contact the reporter on this story: Leon Lazaroff in New York at llazaroff@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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