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CHINA: Ministry comments on Coca-Cola, Huiyuan

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China's Ministry of Commerce has said that Coca-Cola has complied fully with the law in its filing for approval of a US$2.4bn bid for Huiyuan Juice, according to state media.

An initial filing by the firms in September did not meet requirements for a review under China's new Anti-Monopoly Law, the head of China's Anti-Monopoly Bureau said in an interview posted onto the Ministry of Commerce website this week, as reported by state media outlet Xinhua.

But, further filings in October and a final submission 19 November mean that the companies have now complied fully with the law, the official is quoted as saying.

Coca-Cola and Huiyuan said in a joint statement this week that they remain hopeful that the deal can be cleared by 23 March 2009.

A Coca-Cola spokesperson told just-drinks last month that the filing process was on track, and that the soft drinks giant was "co-operating fully" with authorities.

Hong Kong-based Huiyuan is the largest juice firm in China, with an estimated 40% market share.


Sectors: Soft drinks

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