CHILE: Pepsi to strengthen presence in Chile despite Coke ruling
PepsiCo announced Monday that it will remain in Chile's soft drink market and even launch new products despite losing a significant court ruling to rival Coca-Cola. PepsiCo filed a complaint with Chile's Anti-Monopolies Commission in April in an effort to prevent the merger between Coca-Cola and Cadbury Schweppes (producer of Orange Crush and Canada Dry), claiming that the partnership would grant Coca-Cola too much of Chile's market share.
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