# 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.

- Type: Acquisition
- Announced: 2016-11-18
- Where: China, China
- Value: $562.0M (3.87B CNY)
- Status: announced
- Products: Coca-Cola beverages

## Companies

- [China Foods](https://endata.com/companies/19697.md)
- [Coca-Cola](https://endata.com/companies/2799.md) (partner)
- [Coca-Cola](https://endata.com/companies/2799.md) (target)
- [China Foods](https://endata.com/companies/19697.md) (target)
- [Swire](https://endata.com/companies/19698.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/31160.html), 2016-11-18: "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](http://beta.zhitongcaijing.com/content/detail/31159.html), 2016-11-18: "太古饮料将于拍卖事项中申请投标，一旦交易完成，太古将会接收中粮在中国南部及中部的多间可口可乐装瓶公司。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.