You are here

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

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...

Market voices on: