Coca-Cola Spain has announced it will sponsor the 32nd America's Cup, scheduled to take place in Valencia next summer.

Coke said it will team with local bottler Colebega to pursue the sponsorship for which it did not disclose the investment sum.

As part of the effort, Coke will feature the America's Cup logo on its Coke cans and bottles of mineral water brand Aquabona, which will have a big role in the sponsorship, a spokeswoman said, without providing more details.

Valencia became host city after beating final contenders Cascais, Portugal, Marseilles, France, and Naples, Italy.

Spanish beer company Damm is also an America's Cup sponsor.