Coca-Cola to buy China juice maker for $2.4 billion
US soft drinks giant Coca-Cola said today 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 ($1.6) per share in Hong Kong-listed Huiyuan, it said in a statement, adding that three shareholders holding a total of 66 %in the company had accepted the offer.
"It is the largest proposed transaction in China and the second largest for the Coca-Cola Company," the company said in an email 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.
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Coca-Cola will offer 12.20 Hong Kong dollars ($1.6) per share in Hong Kong-listed Huiyuan, it said in a statement, adding that three shareholders holding a total of 66 %in the company had accepted the offer.
"It is the largest proposed transaction in China and the second largest for the Coca-Cola Company," the company said in an email 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.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
Labels: china, Coca Cola, Coca-Cola Company, deal, Hong Kong, Huiyuan Juice Group, investments, juice brands, Juice marker, shareholders, US soft drinks
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