Coca-Cola has entered into an agreement to divest its bottling assets in China for CNY5.87 billion, which is about USD852 million.
China is the third largest market of Coca-Cola by sales, and the company is increasing its exposure with its joint venture partner.
With an estimated investment of CNY620 million, Coca-Cola has begun building its new plant in the Heilongjiang province city of Harbin.
Coca-Cola is expanding in China with more bottling plants.
After over four months of waiting, the Ministry of Commerce of China finally approved the strategic alliance between Master Kong and Pepsi.
Sugary drinks for the Chinese populace were on the menu last week for Muhtar Kent, chairman and CEO of The Coca-Cola Company, as he