Mexico Court Upholds Fine of Coca Cola Co. Unit Over Contracts
By William Freebairn
May 27, 2007

A federal circuit court in Mexico upheld a fine of 10.5 million pesos ($971,000) against Coca Cola Export Corp., a unit of the world's largest soft-drinks company, over exclusive contracts, according to the country's antitrust regulator in an e-mail statement today.

The Federal Competition Commission fined the Coca-Cola Co. unit and 14 of Coke's Mexican bottlers 10.5 million pesos each in 2005 as part of an investigation into exclusive contracts with some retailers, according to the statement.

The companies challenged the fines in court, and appeals of the 14 bottlers are still being reviewed by the court, the regulator said.

The antitrust investigation started in 2001 following a complaint by Pepsi Cola Mexicana, according to the statement.

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