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Latin American cola producer Grupo Aje is to consider an initial public offering (IPO) this year, according to reports.

The beverage maker told Bloomberg yesterday (29 March), that it plans to offer bonds for the first time in a bid to expand its operations further into Asia and Latin America. Grupo Aje produces beverages in 16 countries, its flagship brand being Big Cola.

According to the publication, the firm will sell US$200m of bonds to international investors in order to finance the upgrade and expansion of a number of its bottling plants.

Group Aje's VP of finance and administration, Carlos Ananos, told Bloomberg that the company will "continue to invest in emerging markets and aims to be among the world's 20 most recognised brands by 2020".


Sectors: Soft drinks, Water

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