Coca-Cola venture buys into Lebanon firm
Beirut, July 15, 2014
Aujan Coca-Cola Beverages Company (ACCBC), a venture between Coca-Cola Co and Saudi Arabia's Aujan Industries, said it had acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon.
ACCBC bought the stake from Lebanon's Transmed, a consumer products distributor, which will continue to own part of National Beverage Co, the company said on Monday.
Terms of the deal weren't disclosed. - Reuters