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The weak peso is complicating transactions involving Mexican companies, driving up prices in local currency for acquisitions abroad or creating an unforeseen bargain for a foreign buyer, with at least one deal being revalued to adjust for the changes.

When Mexico City-based Coca-Cola Femsa agreed, with partner Coca-Cola Co., to acquire the AdeS soy-based beverage business from London-based Unilever for $575 million in June, the deal was valued at 10.6 billion pesos. Now the peso-denominated cost is about 9% higher. Like other Mexican public companies, Coke Femsa has at least some hedges for currency risk, but it has to book its holdings in pesos for accounting purposes.

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