Coke to invest $2 billion in China
The Coca-Cola Co. plans to invest $2 billion in China over the next three years.
The investment would
go toward new plant and distribution infrastructure, sales and
marketing, and research and development, the world's largest beverage
company said in a statement.
The announcement
comes as Chinese regulators are reviewing the company's some $2.5
billion friendly takeover bid for Huiyuan Juice Group Ltd., the
country's leading maker of pure fruit juices and nectars. The
proposal has sparked criticism in China over the possible sale of a
prominent national brand name to a foreign company.
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