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Coca-Cola Femsa reaches deal with Heineken over distribution in Brazil

MONTERREY, Mexico, Feb 24 (Reuters) - Mexican Coke bottler Coca-Cola Femsa said on Wednesday that an agreement has been reached with Heineken over distribution in Brazil.

"The redesign of the distribution agreement between the Coca-Cola system and Heineken in Brazil is an important milestone," said John Santa Maria Otazua, chief executive officer of Coca-Cola FEMSA.

The agreement is slated to be implemented in the middle of 2021, the company added in a statement. (Reporting by Laura Gottesdiener)