Tags: US | Coca | Cola | Bottler | Deal

Coca-Cola to Buy Largest Bottler's North American Operations

Thursday, 25 Feb 2010 05:22 AM

Coca-Cola Inc. plans to acquire the North American operations of its largest bottler and will give up its own bottling operations in Sweden and Norway.

The cashless deal calls for Coca-Cola to give up its 34 percent stake in Coca-Cola Enterprises Inc., worth $3.4 billion, and assume $8.88 billion in debt. Coca-Cola will also sell the Norwegian and Swedish operations to Coca-Cola Enterprises for $822 million.

The move mirrors deals by rival PepsiCo announced in August to its two biggest bottlers for $7.8 billion.

Coca-Cola and PepsiCo are trying to save costs and gain flexibility to respond to changing tastes. Soda sales have suffered in the U.S. as more people have switched to juices and teas.

Both companies are based in Atlanta.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved