Coke to buy China multi-grain drinks maker for $400 mln

April 17, 2015 11:33 AM

53 0

HONG KONG, April 17 (Reuters) - Coca-Cola Co has agreed to buy the beverage business of China Culiangwang Beverages Holdings Ltd for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category.

The deal marks Coke's first takeover in China since the country's antitrust regulator blocked its bid to buy local fruit juice maker Huiyuan in 2010.

Also read: Texas Gives Herman 5 Years, Minimum of $25 Million

Read more

To category page

Loading...