:. Food Industry News

Categories: Mergers and Acquisitions

Coca-Cola Acquires Kildevæld and Kurvand Waters and Hyvää Päivää Soft Drink Brand from Carlsberg

Source: FLEXNEWS
27/06/2008

27 June 2008 - Carlsberg announced today that it has entered into an agreement with the Coca-Cola Company about extending its cooperation with the soft drinks giant in Denmark and Finland.

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According to the agreement, which takes effect immediately, Coca-Cola acquires Carlsberg’s mineral water brands Kildevæld and Kurvand in Denmark and also enters into a license agreement for Ramlösa in Denmark.

Coca-Cola also acquires Carlsberg's Finnish soft drink brand Hyvää Päivää and enters into a license agreement for energy drink Battery in Finland.

Carlsberg, in a statement, said that the total sales price is USD 225 million (DKK 1.1 billion).



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