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>> COCA-COLA Latest News

OCT 31, 2013 - Yahoo! News

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Coke Femsa shares fall as Mexico passes food, drink taxes

By Elinor Comlay MEXICO CITY (Reuters) - Shares of Mexico's biggest bottling company fell on Thursday as Congress approved 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 plan, which was passed by lawmakers after markets closed, aims to curb rising obesity levels as well as lift Mexico's poor tax take. Shares of Mexico-based Coca-Cola Femsa, Coke's largest bottler in Latin America, closed down 1.28 percent at 159.02 pesos. Mexico, where obesity rates are now higher than in the United States, will be the first major soda market to ... Read More

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