Coca-Cola to buy Huiyuan Juice Group of China
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US soft drinks giant Coca-Cola Co said on Wednesday that it planned to buy Chinese juice maker Huiyuan Juice Group in a $2.4 billion deal that would be its biggest acquisition in China.
Coca-Cola will offer 12.20 Hong Kong dollars (US$1.6) per share in Hong Kong-listed Huiyuan, it said in a statement, adding three shareholders holding a total of 66 percent in the company had accepted the offer.
Coca-Cola said it intended for Huiyuan, one of China's best-known juice brands, to carry on its business, but that it would later review its operations and look for synergies.
Coca-Cola will offer 12.20 Hong Kong dollars (US$1.6) per share in Hong Kong-listed Huiyuan, it said in a statement, adding three shareholders holding a total of 66 percent in the company had accepted the offer.
Coca-Cola said it intended for Huiyuan, one of China's best-known juice brands, to carry on its business, but that it would later review its operations and look for synergies.
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