LONDON AP - Innocent Drinks, the British fruit and smoothie drinks maker set up with a strong ethical ethos by student friends, said Tuesday it is selling a minority stake to Coca-Cola Co. for 30 million pounds $44 million to fund its expansion across Europe.The deal leaves Coca-Cola, which has been criticised by health campaigners for its sugary soft drinks, with around 10 to 20 percent of the company.
April 07, 2009 at 12:00 AM
1 minute read
LONDON AP – Innocent Drinks, the British fruit and smoothie drinks maker set up with a strong ethical ethos by student friends, said Tuesday it is selling a minority stake to Coca-Cola Co. for 30 million pounds $44 million to fund its expansion across Europe.
The deal leaves Coca-Cola, which has been criticised by health campaigners for its sugary soft drinks, with around 10 to 20 percent of the company.
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