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TURKEY: Coca-Cola Içecek edges towards Sandras buy

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Coca-Cola Içecek has said it has moved one step closer to closing its purchase of Sandras Natural Source Water Company in Turkey.

The company confirmed late last week that it has acquired certain real estate, movables, licences and other assets related to Sandras for TRL29.4m (US$16.5m) plus VAT. The acquisition agreement was signed on 6 March.

Following the approval of Turkey's Competition Board, transfer transactions will be finalised, CCI said. Following the transfer of the assets, the full amount will be paid in cash. At the acquired facilities, CCI said, it will bottle water under the Damla brand name.

CCI announced the signing of a Memorandum of Understanding related to the water business of Sandras Su Gida Turizm Tasimacilik Insaat back in May last year.


Sectors: Soft drinks, Water

Companies: Coca-Cola Içecek

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