Hong Kong, April 23 - Coca-Cola is holding informal talks with China Huiyuan Juice to weigh partnership options after China blocked its takeover of the company last month, a source with direct knowledge of the situation said.
In March, China rejected Coca-Cola's planned $2.4 billion acquisition of Huiyuan, saying the deal would have been bad for competition. The acquisition by Coca-Cola would have been the largest-ever buyout of a Chinese company by a foreign rival.
"After the deal collapsed there have been discussions in Beijing," the source said. The source declined to be named due to the sensitive nature of the situation.
Coca-Cola is in negotiations with Huiyuan that could include taking a minority stake in the Chinese juice maker's assets, a Wall Street Journal report citing unidentified sources said on Thursday.
A Coca-Cola spokesman in Hong Kong declined to comment when contacted by Reuters. A Huiyuan spokeswoman in Beijing also declined comment.