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After years of double and triple-digit growth, mainland soft-drink producers are struggling with rising costs, falling margins and a wave of consolidation that have eliminated many smaller firms. As a market leader, Coke is well-positioned and the Huiyuan deal would broaden its footprint in what is already its fourth-largest global market. Given its potential status as the biggest foreign takeover of a mainland company, regulators in Beijing are sure to look closely at the deal. But few analysts anticipate any major difficulties or delays because it does not involve a company in strategically sensitive industries such as steel or high-technology machinery. The US buyers should in the end be assured a deal. In fact Chinese supermarket shelves already show their products side by side see photo. Donate now. Support AsiaNews. Geographical areas. Central Asia Kazakhstan. North Asia Mongolia. East Asia China. North Korea. South Korea. Hong Kong. South West Asia Armenia. South East Asia Brunei. East Timor. South Asia Afghanistan. Sri Lanka. Middle East Saudi Arabia. United Arab Emirates. Freedom of religion. The cash offer by the Atlanta-based multinational is worth HK. Printable version. Asia Today. National online registry for Indian students kicks off amid controversy. Scores of Afghan migrants killed while Tehran and Kabul negotiate repatriations. Israel bombs Beirut. What will Prabowo Subianto's Indonesia be like? Election polls put Japan's Liberal Democratic Party majority at risk.
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Coca-Cola Co. Analysts say the decision could hurt efforts by Chinese companies -- both state-owned firms and private ones -- to buy companies and assets around the globe. Coca-Cola Chief Executive Muhtar Kent said the Atlanta company was disappointed but respected the decision and would continue with its existing efforts in China. Although that was largely because of the credit crisis, analysts said the latest decision on Coca-Cola could make matters worse, especially for China. Coca-Cola held The agency did not identify the cases. The ministry said it had asked Coca-Cola to make changes to its acquisition plan, which the company did. Don Lee writes economic stories out of Washington, D. Since joining the Los Angeles Times in , he has served as the Shanghai bureau chief and in various editing and reporting roles in California. Lee previously worked at the Kansas City Star. He is a native of Seoul, Korea, and graduated from the University of Chicago. David Pierson is a former foreign correspondent for the Los Angeles Times. Hollywood Inc. De Los. Times Everywhere. For Subscribers. All Sections. About Us. B2B Publishing. Hot Property. Times Events. Times Store. Special Supplements. By Don Lee and David Pierson. Share via Close extra sharing options. More to Read. Back-to-office orders have become common. Enforcement not so much. An aging relative is spending her nest egg on round-the-clock care. What happens when the money runs out? Don Lee. David Pierson. Follow Us X Instagram Facebook. More From the Los Angeles Times. Business Wall Street pulls back from its records. Discovery over Tesla Cybercab launch. Business Judge delays order in antitrust case requiring Google to open up its app store. Most Read in Business. Business Phillips 66 is closing Wilmington-area refineries after more than a century, marking the end of an era. Business Union drive at Wells Fargo heats up as employees allege intimidation tactics.
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Beijing (AsiaNews/Agencies) – The Coca Cola Co. has launched a bid to buy out the Huiyuan Juice Group, a year-old Chinese soft drink company.
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Coca-Cola (China) Beverages Ltd. Beijing Office. Rm, Full Link Plaza, 11 Chaowai Ave. Beijing
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