Coca-Cola Japan is seeking to buy a 50% stake in Tone Coca-Cola Bottling Co, a subsidiary of Japanese soy sauce maker Kikkoman.

Kikkoman said today (26 January) that it has entered talks with Coca-Cola Japan with a view to the soft drinks giant buying a stake in the Tone bottler.

Both companies hope to reach a deal by the end of March, said the firms in a joint statement. Tone is based near to Tokyo.