Within days of acquiring vitamin water Glaceau, American giant Coca Cola today said it will invest 250 million dollars in India in next three years and said its bottling operations would turn profitable in 2008.
Most of the investment will stay within India as the required infrastructure like coolers and trucks are manufactured in India.Along with the 250 million dollars by Coke, franchises of the company's bottling operations in India are also likely to put in between 50-100 million dollars to ramp up infrastructure.
Of the 60 bottling plants in India, Coke owns 25 while 24 are owned by the franchises and the remaining are with the co-packers.The company is also open to divest in the bottling business and move towards more and more in the hands of franchises.
Showing posts with label Glaceau. Show all posts
Showing posts with label Glaceau. Show all posts
Monday, May 28, 2007
Friday, May 25, 2007
Tata Tea to sell 30% Glaceau stake for $1.2bn
Soft drink giant Coca-Cola today announced it will acquire US energy drink maker Glaceau, in which the Tata Group has a 30% stake, for $4.1 billion.
Tata Tea had acquired 30% stake in Glaceau last year for $677 million, and has decided to sell its stake for $1.2 billion. Tata Tea stock zoomed 4% today to Rs 914.
Tata Tea, in a release issued to the BSE today, said the company through its indirect UK subsidiary Tata Tea (GB) Investments had acquired 25% of the shareholding of Energy Brands Inc, USA ("EBI") and Tate Sons through its subsidiary Tata Ltd (UK) had acquired 5% of the shareholding of EBI. The aggregate consideration for the purchase of this 30% holding was $677 million based on an enterprise valuation of $2.2 billion for EBI.
Coca-Cola Company will acquire Energy Brands Inc, also known as Glacéau, and its full range of enhanced water brands including vitaminwater. The acquisition provides The Coca-Cola Company with a strong platform to grow its active lifestyle beverages.
Read more in The Business Standard article.
Tata Tea had acquired 30% stake in Glaceau last year for $677 million, and has decided to sell its stake for $1.2 billion. Tata Tea stock zoomed 4% today to Rs 914.
Tata Tea, in a release issued to the BSE today, said the company through its indirect UK subsidiary Tata Tea (GB) Investments had acquired 25% of the shareholding of Energy Brands Inc, USA ("EBI") and Tate Sons through its subsidiary Tata Ltd (UK) had acquired 5% of the shareholding of EBI. The aggregate consideration for the purchase of this 30% holding was $677 million based on an enterprise valuation of $2.2 billion for EBI.
Coca-Cola Company will acquire Energy Brands Inc, also known as Glacéau, and its full range of enhanced water brands including vitaminwater. The acquisition provides The Coca-Cola Company with a strong platform to grow its active lifestyle beverages.
Read more in The Business Standard article.
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