CHAMPION HOLDING (BVI) CO., LTD, via a voluntary cash offer, will acquire all shares of COFCO Packaging (00906.HK) at HK$6.87 per share, valuing the deal at up to HK$7.649 billion, to take the company private.
China Foods announced that its subsidiary COFCO Coca-Cola Beverages (China) Investment Co., Ltd. will acquire equity interests in several target companies from Coca-Cola Bottlers Manufacturing Holdings for a total consideration of approximately 544 million yuan, as part of a restructuring.
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.