RUSSIA: Coca-Cola Co’s Nidan buy approved - report
The Russian government has approved the sale of juice maker Nidan to The Coca-Cola Co
The Russian government has approved the sale of juice maker Nidan to The Coca-Cola Co, according to reports.
The government's foreign investment commission yesterday (4 August) approved the acquisition, which was announced in March, Reuters reported. The US-based drinks giant had applied to the country's Federal Antimonopoly Service for permission to buy a 75% stake in the juice firm.
A spokesperson for Coca-Cola Russia was quoted in The Kommersant business daily as saying that the deal would allow the firm to “expand its range of products” in the Russian non-alcoholic beverage market.
Coca-Cola were unable to be reached for comment when contacted by just-drinks today.
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