TURKEY: Coca-Cola Icecek looks for Dogadan stake
Coca-Cola Icecek has said it is on the hunt for a 50% stake in Turkish tea company Dogadan Gida Urunleri Sanayi ve Pazarlama.
The Turkey-based company said yesterday (31 January) that it has opened discussions with The Coca-Cola Company to acquire the stake in Dogadan. The company, which produces herbal tea, fruit tea, green tea and black tea, was acquired by an affiliate of Coca-Cola last year.
"Should further developments on the issue arise, CCI will make the necessary announcements," the company concluded.
Dogadan is the leading brand in the herbal and fruit infusions category in Turkey, the second largest black tea market after India. The country has the highest per capita tea consumption in the world.
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