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JAPAN: Pokka to sell shares in subsidiary to Coke

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Japanese soft drink producer Pokka has said it will sell all its equity holdings in a wholly owned US subsidiary to Coca-Cola Co in December. It announced that 1,000 outstanding shares of Pokka USA Inc, based in American Canyon, California, will be sold to the US soft drink giant for US$53m on December 30th, bringing in estimated capital gains of ¥3.7 billion.


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