US: Coke pays US$128m for Danone water business

By Chris Brook-Carter | 18 June 2002

As reported in just-drinks yesterday, the soft drink giant Coca-Cola and French bottled water company Danone have confirmed they have sealed a deal giving Coke a share of Danone's US mineral water brands. Coca-Cola has paid US$128m in cash for a 51% stake in a partnership to market and distribute Danone's bottled spring and source waters in the US.

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As reported in just-drinks yesterday, the soft drink giant Coca-Cola and French bottled water company Danone have confirmed they have sealed a deal giving Coke a share of Danone's US mineral water brands. Coca-Cola has paid US$128m in cash for a 51% stake in a partnership to market and distribute Danone's bottled spring and source waters in the US.

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