China Foods to sell Coca-Cola bottling stakes and buy beverage businesses

China Foods announced plans to sell its interests in 10 Coca-Cola bottling companies via public auction and a non-public sale to Swire, and to acquire beverage businesses in Chongqing, Sichuan, Jilin, Heilongjiang, Shanxi and Liaoning from Swire and Coca-Cola for a total of 3.874 billion yuan.

“中国食品表示，收购事项及潜在出售事项能为扩大公司饮料业务，扩张覆盖区域并创造规模经济效益。”beta.zhitongcaijing.com

• 2 sources
• beta.zhitongcaijing.com中国食品(00506)拟出售可口可乐装瓶业务及收购饮料业务Nov 18, 2016
• beta.zhitongcaijing.com太古(00019)计划收购可口可乐装瓶业务Nov 18, 2016

Summarized from public sources; check the original articles before acting on it.