Magazines Archives - 2008 October

Coca-Cola makes a bid for Chinese juice-maker with cash offer
Story 15 - Food Business Area

THE COCA-COLA COMPANY, based in Atlanta, USA, has made a cash bid for Hong Kong-listed China Huiyuan Juice Group Limited. The move is aimed at further developing the Coke business in the Chinese market. The deal is valued at US$2.4 billion, assuming full acceptance by Huiyuan shareholders of Coca-Cola’s offer.

“Huiyuan, a long-established and successful juice brand in China, is highly complementary to the Coca-Cola China business,” said Muhtar Kent, president and chief executive of the Atlanta firm.

“This acquisition will deliver value to our shareholders and provide a unique opportunity to strengthen our business in China [where] the juice segment is so dynamic and fast-growing.”

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