Coca-Cola HBC, Coca-Cola Form New Russian Joint Venture
December 13 2019 - 9:40AM
Dow Jones News
By Ian Walker
Coca-Cola HBC AG (CCH.LN) said Friday that it and Coca-Cola Co.
(KO) have agreed a new Russian joint venture agreement via the
creation of a 50:50 indirectly-owned company.
The Switzerland-based bottler for Coca-Cola Co. said the two
companies have combined their assets in the Multon Z.A.O group of
companies into the new company. Multon is an existing joint venture
which produces and distributes juices in Russia.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 13, 2019 09:25 ET (14:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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