:. Food Industry News

Categories: Mergers and Acquisitions

China Reviews Coke-Huiyuan Deal Under Anti-Monopoly Law

Source: Reuters
10/03/2009

Beijing, March 10 - China is reviewing Coca-Cola Co's bid to acquire China Huiyuan Juice Group under the anti-monopoly law, Commerce Minister Chen Demin said on Tuesday.

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Chen was speaking after a press conference during the annual parliamentary meeting.

Coca-Cola said in December it had filed an application for anti-trust approval in China. The case is being closely watched by analysts and lawyers since it is the first to test the nascent law.

Coke agreed to pay HK$12.20 a share in cash, nearly three times its HK$4.14 price before the deal was announced last September.



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