:. Food Industry News


Huiyuan Juice Drops on Investor Exit

Source: Reuters
09/06/2009

June 9 - China Huiyuan Juice dropped after the Financial Times newspaper reported that U.S. private equity fund Warburg Pincus had ended its investment in China's top juice producer, becoming the first big stakeholder to pull out of the company after the collapse of Coca-Cola's $2.4 billion takeover offer.

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The stock was down 8 percent at HK$5.98.

Coca-Cola Co's planned purchase of China Huiyuan Juice was blocked by the Chinese government in March, triggering a sharp fall in the company's share price.



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