News

AUSTRALIA: Berri deal given competition go-ahead

Most popular

Interview - Pernod Ricard CFO Helene de Tissot

Pernod breaks boundaries with Chinese distillery

The just-drinks Analyst returns

just-drinks speaks to Pernod CEO Alex Ricard

just-drinks meets Asahi Europe's CEO - II

MORE

Australia's Competition and Consumer Commission (ACCC) has given the green light to San Miguel's acquisition of the country's juice producer Berri.

There had been concerns that San Miguel's long-standing relationship with Coca-Cola might cause some competition problems.

San Miguel's 65% owned subsidiary, CCBPI, is a licensed bottler for TCCC in the Philippines.

But, the ACCC said: "San Miguel has stated to the ACCC that it does not have `any intention' to enter into any contract, arrangement or understanding with Coca Cola Amatil and/or TCCC relating to the manufacture, distribution, marketing or supply of any non-alcoholic beverage in Australia."

Berri was subject to an acquisition attempt last year by Coca-Cola Amatil, which the ACCC blocked.

The ACCC today acknowledged that this current deal could ultimately result in circumstances it moved to prevent last year.

The ACCC said it will closely scrutinise any proposed contract, arrangement or understanding involving San Miguel and CCA or TCCC.


Sectors: Soft drinks

Companies: Coca-Cola Amatil

Related Content

How can mineral water keep pace with its bottled water competition? - Comment

How can mineral water keep pace with its bottled water competition? - Comment...

Analysis - M&A in the Drinks Sector: Why Doing the Deal is Only the Beginning

Analysis - M&A in the Drinks Sector: Why Doing the Deal is Only the Beginning...

Preview - Looking ahead but not looking forward to 2009

Preview - Looking ahead but not looking forward to 2009...

AUS: Asahi, P&N Beverages deal on the rocks

AUS: Asahi, P&N Beverages deal on the rocks...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?