Heineken will terminate distribution partnership with engarrefadores of Coca-Cola in Brazil, says Femsa

MEXICO CITY-Mexican Coca-Cola Femsa, the largest bottler of coke in the world, announced on Monday a high of 11,5% in net income for the second quarter, benefit from increased revenue and growth of operations in South America.
Coca-Cola Femsa said that the Dutch beer maker Heineken, which owns a stake in Femsa, reported that matrix moment on the distribution of products with bottlers of Coca-Cola in Brazil from October 31.
Shares of Coca-Cola Femsa fell 2,69% on the Mexican stock exchange, pushing the main stock index of Mexico.
"We are analyzing possible actions to be taken while we seek to maintain a constructive dialogue with Heineken," said Coca-Cola Femsa in a statement sent to the Mexican stock exchange.
The company had net profit of 2.232 billion pesos (123 million dollars) in the second quarter, compared to 2.001 billion pesos in the same period last year.
Quarterly revenues grew 25,5% on the same basis of comparison, to 50.1 billion pesos.
Earnings per share reached 1.07 weight, according to the company.