BEIJING AP – China’s Commerce Ministry says it will enforce anti-monopoly rules in reviewing Coca-Cola Co.’s bid to buy a major Chinese juice producer but gave no indication what factors might affect its decision.
In the first official comment on the $2.5 billion bid for Huiyuan Juice Group Ltd., a ministry spokesman quoted by the government’s Xinhua News Agency late Wednesday promised to review it as soon as Coca-Cola submits an application. Coca-Cola has declined to say when it will ask Beijing for approval.
