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Coca-Cola to divest itself of China bottling for roughly $1 billion

T
he company, which currently owns about a third of its bottling business in China, will divide the sale of its stake among Swire Beverage Holdings and China Foods (part of the state-owned COFCO) as part of a broader global strategy of assets to local partners.
7 months ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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