Coca-Cola pays hefty price for Huiyuan Juice
ChinaÆs largest inbound M&A deal this year sees Coca-Cola shell out $2.4 billion to strengthen its position in China's growing juice market.
The Coca-Cola Company yesterday announced that it intends to purchase China Huiyuan Juice Group. The worldÆs largest drinks company will make a cash offer of $2.4 billion to acquire the Hong Kong-listed, but China-based, juice maker in what will be the largest inbound MA deal in China this year, as well as the biggest ever in its food and beverage sector.
Coca-Cola has entered agreements to purchase a 64.51% stake in the company from two major shareholders Huiyuan Holdings,...
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