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Swire near deal for Coke bottling assets in China

It will purchase stakes in Coca-Cola bottlers from Cofco's China Foods subsidiary in a deal that could value the businesses at about US$1b, sources say
Friday, November 18, 2016 - 05:50

Hong Kong

HONG KONG conglomerate Swire Pacific Ltd is nearing the acquisition of Coca-Cola bottling assets in China from a unit of state-owned food giant Cofco Corp, sources with knowledge of the matter said.

Swire is close to an agreement to purchase stakes in Coca-Cola bottlers

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