San Miguel buying coke

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San Miguel buying coke

CCBPI , the company said in a statement. Last month, a local newspaper said San Miguel agreed to sell its share in Coca-Cola Bottlers Philippines for million dollars. CCBPI holds the Coca-Cola bottling agreement for the Philippines, bottling softdrinks such as Coke, Sprite, other softdrinks and distilled drinking water and powdered juices. Beer-based San Miguel has diversified into all kinds of beverages, food processing and packaging. Read next story. By AFP. Top Stories. Get the latest breaking news delivered straight to your inbox. Next Story. Type your keywords Search.

Coke seals acquisition of San Miguel bottling unit

San Miguel buying coke

Published February 22, am. Update The Coca-Cola Co. In a joint statement released to the media, the firms said the purchase makes Coca-Cola the sole owner of the Philippine bottler, which also controls Cosmos Bottling Company and Philippine Beverages Partners, Inc. With the completion of the deal, Coca-Cola's Bottling Investment Group takes over the operations of the local bottler. For its part, San Miguel said the deal will streamline its operations. The deal with Coca-Cola has a non-compete clause preventing San Miguel from manufacturing carbonated soft drinks, sports drinks, energy drinks and flavored water within five years from the transaction. More Videos. Most Popular.

San Miguel buying coke