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PERU: Embonor sets new deadline for ELSA offer

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Chile's Coca-Cola Embonor has set a new deadline for Peru's José R. Lindley Corporation to improve its offer Embonor's Peruvian soft-drinks subsidiary, Embotelladora Latinoamericana (ELSA).

José R. Lindley now has until 26 September to present a revised offer, after Embonor rejected a previous offer.

The Peruvian company, which owns 50% of market leading brand Inca Kola, made its initial offer on the basis of a value analysis carried out by US investment bank JP Morgan. After Embonor rejected the offer, José R. Lindley asked the bank to look again at its valuation of the company.


Sectors: Soft drinks

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