News Rotator
Coca Cola logo.
Coca Cola logo.

Coca-Cola to buy Huiyuan Juice Group of China

Wed-Sep 03, 2008

Shanghai / Agence France-Presse

US soft drinks giant Coca-Cola Co said on Wednesday that it planned to buy Chinese juice maker Huiyuan Juice Group in a $2.4 billion deal that would be its biggest acquisition in China.

Coca-Cola will offer 12.20 Hong Kong dollars (US$1.6) per share in Hong Kong-listed Huiyuan, it said in a statement, adding three shareholders holding a total of 66 percent in the company had accepted the offer.

Coca-Cola said it intended for Huiyuan, one of China's best-known juice brands, to carry on its business, but that it would later review its operations and look for synergies.

Rate This Article:
No votes yet

Comments For This Post

Post new comment

This question is to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.