English > Industry&Companies > Industry-Breaking News>Coca-Cola Drops Huiyuan Deal

Coca-Cola Drops Huiyuan Deal

03-19 17:50 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-03-18/110123819.html

» Coca-Cola has dropped its efforts to take over China's Huiyuan Juice after the Ministry of Commerce rejected the deal.

» The ministry announced early March 18 that it would block the US$ 2.4 billion bid because it failed to pass the China’s anti-trust review.

» The news sent Huiyuan's share price dropping 52 percent on March 19.

» Coco-Cola said loss of the Huiyaun acquisition will not impact on the company's plans to invest US$ 2 billion in China.

 

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