Arias, Fábrega & Fábrega represented the sellers in connection with the sale of all the shares in the company that conformed Grupo Industrias Lácteas, mainly Industrias Lácteas S.A. (a leading company with a more than 50-year tradition in the Panamanian dairy and juice-based beverage categories), Conservas Panameñas Selectas, S.A., Plásticos Modernos, S.A. and Elisia, S.A., to The Coca-Cola Company and Coca-Cola FEMSA, S.A.B. de C.V., the largest public bottler of Coca-Cola products in the world in terms of sales volume.

This transaction represents and important step in the growth strategy of Coca-Cola FEMSA. It is the first incursion of The Coca-Cola Company in the milk and value-added dairy products category, one of the most dynamic segments in terms of scale and value in the non-alcoholic beverage industry in Latin America. It further reinforces the Company's non-carbonated product portfolio in the juice-based beverage segment.