Coca-Cola expands in Russia

The world's largest soft drinks producer, Coca-Cola wants to buy the Russian OAO Nidan Juices company, in order to strengthen its presence in the country. Nidan is owned by a British private equity fund, the Lion.

The transaction still requires the approval of the supervisory bodies, confirmed Coca-Cola’s local spokesman the information of Kommersant. The company would like to compete at the Russian market, after rival PepsiCo. significantly increases its presence in Russia – reports ProfitLine.hu., after EBITDA.