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Companies / Venezuela

Coca-Cola Femsa Ordered To Vacate Plot

March 2009 | Company News Alert

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Venezuelan President Hugo Chávez has given Coca-Cola Femsa two weeks to vacate a plot of land which the government wishes to use for social housing. The plot is in Western Caracas and is currently used by the firm as a parking lot from which it delivers products to around 9,000 customers. The Coca-Cola bottler has said it is willing to negotiate over relocation, but will be worried that the move could set a precedent at a time when the Venezuelan president is stepping up his drive to nationalise the country's system of food