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OCT 31, 2013 - Yahoo! News

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Coke Femsa, Bimbo fall as Mexico poised to pass food, drink taxes

By Elinor Comlay MEXICO CITY (Reuters) - Shares of Mexico's food and drink companies fell on Thursday as Congress was poised to approve a 1 peso-per-liter tax on sugary drinks and an 8 percent tax on junk food as part of a wider tax overhaul. The Senate approved the plan, which aims to curb rising obesity levels as well as lift the poor tax take in Latin America's No. 2 economy, on Thursday morning, before sending the bill back to the lower house of Congress for final approval, expected later in the day. Shares of Mexico-based Coca-Cola Femsa, Coke's largest bottler in Latin America, were ... Read More

Tags: Coke Femsa, Bimbo fall as Mexico poised to pass food, drink taxes,  Coca-cola Latest News