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Activities of the Company | 12 Months Ended
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Dec. 31, 2018
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Activities of the Company | Note 1. Activities of the Company Coca-Cola FEMSA, S.A.B. de C.V. (“Coca-Cola FEMSA”) is a Mexican corporation, mainly engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. Coca-Cola FEMSA is indirectly owned by Fomento Economico Mexicano, S.A.B. de C.V. (“FEMSA”), which holds 47.2% of its capital stock and 63% of its voting shares and The Coca-Cola Company (“TCCC”), which indirectly owns 27.8% of its capital stock and 37% of its voting shares. The remaining 25% of Coca-Cola FEMSA’s shares trade on the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV: KOF) as series “L” shares and its American Depositary Shares (“ADS”) (equivalent to ten series “L” shares) trade on the New York Stock Exchange, Inc. The address of its registered office and principal place of business is Mario Pani No. 100 Col. Santa Fe Cuajimalpa, Delegacion Cuajimalpa de Morelos, Mexico City, 05348, Mexico. Coca-Cola FEMSA and its subsidiaries (the “Company”), as an economic unit, are engaged in the production, distribution and marketing of certain Coca-Cola trademark beverages in Mexico, Central America (Guatemala, Nicaragua, Costa Rica and Panama), Colombia, Venezuela, Brazil, Uruguay, Argentina and until November 2018 the Philippines. (see note 5) As of December 31, 2018 and 2017 the most significant subsidiaries which the Company controls are:
Company |  | Activity |  | Country |  | Ownership percentage 2018 |  |  | Ownership percentage 2017 |
Propimex, S. de R.L. de C.V. |  | Manufacturing and distribution |  | Mexico |  |  | 100.00 | % |  |  | 100.00 | %
Controladora Interamericana de Bebidas, S. de R.L. de C.V. |  | Holding |  | Mexico |  |  | 100.00 | % |  |  | 100.00 | %
Spal Industria Brasileira de Bebidas, S.A. |  | Manufacturing and distribution |  | Brazil |  |  | 96.06 | % |  |  | 96.06 | %
Distribuidora y Manufacturera del Valle de México, S. de R.L. de C.V. |  | Manufacturing and distribution |  | Mexico |  |  | 100.00 | % |  |  | 100.00 | %
Servicios Refresqueros del Golfo, S. de R.L. de C.V. |  | Manufacturing and distribution |  | Mexico |  |  | 100.00 | % |  |  | 100.00 | %

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