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Article: COCA-COLA SAID TO GIVE UP HUIYUAN
- Article from:
- AsiaInfo Services
- Article date:
- March 18, 2009
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AsiaInfo Services
03-18-2009
Coca-Cola Said to Give up Huiyuan
BEIJING, Mar 18, 2009 (SinoCast Daily Business Beat via COMTEX) -- The Coca-Cola Co. may give up the acquisition of top Chinese juice maker China Huiyuan Juice Group Ltd. (SEHK: 1886), said sources.
The main reason for it to do so may be that it should give up the brand of Huiyuan.
Coca-Cola announced in September 2009 that it planned to acquire Huiyuan, which seizes 42 percent market share in China's pure juice sector, for USD 2.4 billion. The deal, which is rejected by not only many Huiyuan board members but also a list of Chinese beverage makers, has proceeded to the regulatory review and approval procedures. The Ministry of ...