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                    [Title] => SMC still in talks on Coca-Cola stake
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San Miguel Corp. (SMC), the Philippines’ largest food and beverage conglomerate, said it was still negotiating the sale of its soft drinks bottling joint venture with Coca-Cola Co.


In a disclosure to the Philippine Stock Exchange, the company said discussions are still ongoing to sell its entire 65 percent stake in the venture to Atlanta-based Coca-Cola.


San Miguel and Coca-Cola jointly acquired Coca-Cola Bottlers Philippines Inc., or CCBPI, in July 2001 from Coca-Cola Amatil Ltd. of Australia. CCBPI sells nearly nine in every 10 soft drinks in the country.


                    [DatePublished] => 2006-11-25 00:00:00
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SAN MIGUEL AND COCA-COLA

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                    [Title] => SMC still in talks on Coca-Cola stake
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San Miguel Corp. (SMC), the Philippines’ largest food and beverage conglomerate, said it was still negotiating the sale of its soft drinks bottling joint venture with Coca-Cola Co.


In a disclosure to the Philippine Stock Exchange, the company said discussions are still ongoing to sell its entire 65 percent stake in the venture to Atlanta-based Coca-Cola.


San Miguel and Coca-Cola jointly acquired Coca-Cola Bottlers Philippines Inc., or CCBPI, in July 2001 from Coca-Cola Amatil Ltd. of Australia. CCBPI sells nearly nine in every 10 soft drinks in the country.


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abtest

SMC still in talks on Coca-Cola stake

November 25, 2006 - 12:00am

San Miguel Corp. (SMC), the Philippines’ largest food and beverage conglomerate, said it was still negotiating the sale of its soft drinks bottling joint venture with Coca-Cola Co. In a disclosure to the...

Business