Coca-Cola FEMSA a joint venture with The Coca Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panoramico, another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013. The company reported revenues of US$ 9.6 billion for 2015. On Coca-Cola FEMSA's 2011 venture into the coffee vending market: On Coca-Cola FEMSA's approach to human resource management, focusing on their operations in
Coca-Cola Beverages Africa further 19 non-alcoholic names in Africa and Latin America from SABMiller for about $260 million. Upon conclusion of the merger, shareholding in the stock of Coca-Cola Beverages Africa's as follows: As at July 31, 2015, the merger transaction was yet to be concluded. It had however received regulatory approval from the COMESA Competition commission. Following its acquisition of SABMiller, Anheuser-Busch InBev announced that it would sell its 57% acquired state in Coca-Cola Beverages Africa to the Coca-Cola Company. This would give the Coca-Cola Company 68.3% stake in the merged business. The deal was valued at $3.15 billion and the Coca-Cola