Hong Kong's Swire Pacific Acquires Coca-Cola Bottling Operations In Vietnam & Cambodia

• Hong Kong-based business conglomerate Swire Pacific Ltd said its wholly owned subsidiary, Swire Coca-Cola Limited, is planning to acquire the packaging and distribution operations of Coca-Cola Co (NYSE: KO) in Vietnam and Cambodia.

• The company will acquire Coca-Cola Indochina for $1.02 billion in cash.

• The transactions will be Swire Coca-Cola's first investments in South East Asia.

• After closing, Swire Coca-Cola will own and operate Coca-Cola Beverages Vietnam Ltd, which has three bottling facilities in Vietnam, and Cambodia Beverage Company Ltd, with one bottling facility in Cambodia.

• After the acquisition, Swire Coca-Cola's franchise population will expand by 15% to 876 million people.

• "This expansion of territories is part of a broader strategy to expand the global scale, volume, and revenues of our bottling business," said Patrick Healy, Chairman of Swire Coca-Cola.

• Price Action: KO shares are trading higher by 0.46% at $62.79 in premarket on the last check Monday.

• Photo Via Company

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