TITLE

China Nixes Coke Deal

AUTHOR(S)
Davis, Avram
PUB. DATE
March 2009
SOURCE
Mergers & Acquisitions Report;3/23/2009, Vol. 22 Issue 12, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the Chinese Ministry of Commerce to block approval of The Coca-Cola Company's proposed acquisition of the Huiyuan Juice business. Coca-Cola has emphasized that China is an important part of is expansion plan. The decision of the ministry to block the deal indicates a trend of increased government involvement in anti-trust issues. Also, this would make it more difficult for Coke to attain a preeminent position in the country's juice sector.
ACCESSION #
44128015

 

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