COFCO-Coca-Cola (COFCO Beverage) and Coca-Cola have reached an agreement that COFCO Beverage is going to buy 21% of Coca-Cola Bottlers Manufacturing Holdings Limited (CCBMH) share.
When transaction finished, COFCO Beverage will hold 21% of CCBMH; Swire, Coca-Cola’s other bottlers, will hold 41% and Coca-Cola the rest 38%. The new structure enables Coca-Cola’s two major bottlers--COFCO and Swire--to make direct investment into production and distribution of non-carbonated drinks in China, which is believed beneficial to business and benefits for both Coca-Cola and its bottlers.
