Coca-Cola and Coca-Cola FEMSA Given Approval To Buy Brisa

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The Coca-Cola Company and bottling firm Coca-Cola FEMSA have been given approval by Colombia's antitrust authorities to buy the Agua Brisa bottled water business from Bavaria, the Colombian subsidiary of international brewing giant SABMiller. The Colombian bottled water category has experienced rapid growth over the last five years in line with rising affluence, but SABMiller has sold the unit as part of its strategy to focus on its core brewing