Coca-Cola has offered $2.4bn in cash to buy China Huiyuan Juice Group, in what would be the biggest takeover by a foreign company in China.
The deal will help the US-based company's expand in the world's most populous nation and allow it to diversify its drinks portfolio at a time when growth in the carbonated drinks market in China is slowing.
Muhtar Kent, Coke's chief executive, said the acquisition would ”provide a unique opportunity to strengthen our business in China, especially since the juice segment is so dynamic and fast growing in China”.
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