BEIJING AP - Coca-Cola Co. will have to submit its bid to buy a Chinese juice producer for review under China's new anti-monopoly law, state television reported, setting up the first major test of the legislation.Coca-Cola's $2.5 billion offer last week for China Huiyuan Juice Group Ltd. already has stirred nationalist opposition.
September 08, 2008 at 12:00 AM
1 minute read
BEIJING AP – Coca-Cola Co. will have to submit its bid to buy a Chinese juice producer for review under China’s new anti-monopoly law, state television reported, setting up the first major test of the legislation.
Coca-Cola’s $2.5 billion offer last week for China Huiyuan Juice Group Ltd. already has stirred nationalist opposition. Comments posted on Chinese Web sites criticized the sale as the loss of a leading company to foreign owners.
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