HK's Swire Pacific buys Coca-Cola bottling operations in Vietnam, Cambodia

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July 18 (Reuters) - Hong Kong-based conglomerate Swire Pacific Ltd (0019.HK) said on Monday it would buy the packaging and distribution operations of Coca-Cola in Vietnam and Cambodia, marking its expansion into the southeast Asian beverages market.

 

Swire Pacific will pay $1.02 billion in cash for Coca-Cola Indochina, which packages and distributes the beverage in the two southeast Asian countries.

 

The firm is buying Coca-Cola Indochina through its Swire Beverages and Swire Coca-Cola units, from Coca-Cola (Japan), which is ultimately owned by Coca-Cola Co (KO.N).

 

read more https://www.reuters.com/markets/deals/hong-kongs-swire-pacific-buy-coca-cola-bottling-ops-two-countries-2022-07-18/