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Activities of the Company | 12 Months Ended
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Dec. 31, 2023
Disclosure of parent entity information [Abstract] |
Activities of the Company | 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 and its subsidiaries (the “Company”), are mainly engaged in the production, distribution and marketing of certain Coca-Cola trademark beverages in Mexico, Central America (Guatemala, Nicaragua, Costa Rica and Panama), Colombia, Brazil, Uruguay, Argentina. The Coca-Cola trademark beverages include: sparkling beverages (colas and flavored sparkling beverages), waters and other beverages (including juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, alcoholic beverages and plant-based drinks). In addition, the Company distributes and sells Heineken-owned brand beer products, Estrella Galicia and Therezópolis beer products in our Brazilian territories and Monster products in all of the countries where we operate. Additionally, we started testing distribution of leading spirits, consumer brands and other alcoholic products in some of the countries where the Company operates. 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 56% of its voting shares and The Coca-Cola Company (“TCCC”), which indirectly owns 27.8% of its capital stock and 32.9% of its voting shares. The remaining Coca-Cola FEMSA shares trade on the Bolsa Mexicana de Valores, S.A.B. de C.V. (“BMV: KOF UBL”) as series “L” shares which represents 15.6% of our common equity and its American Depositary Shares (“ADS”) (equivalent to ten series “L” shares) trade on the New York Stock Exchange, Inc (“NYSE: KOF”) as series “B” which represents 9.4% of the Company´s common equity. The address of its registered office and principal place of business is Mario Pani No. 100, Colonia Santa Fe Cuajimalpa, Alcaldía Cuajimalpa de Morelos, 05348, Mexico City, Mexico. As of December 31, 2023 and 2022 the most significant subsidiaries which the Company controls are:
Company | Activity | Country | Ownership percentage 2023 | Ownership percentage 2022
Propimex, S. de R.L. de C.V. | Distribution | Mexico | 100.0% | 100.0%
Controladora Interamericana de Bebidas, S. de R. L. de C.V. | Holding | Mexico | 100.0% | 100.0%
Spal Industria Brasileira de Bebidas, S.A. | Production and distribution | Brazil | 84.4% | 84.4%
Servicios Refresqueros del Golfo y Bajio, S. de R.L. de C.V. | Production | Mexico | 100.0% | 100.0%
Embotelladora Mexicana de Bebidas Refrescantes, S. de R.L. de C.V. | Production | Mexico | 100.0% | 100.0%

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