• Most Popular
  • Most Shared

CVC among bidders for C-C Amatil's S.Korea ops-source

Wed Apr 18, 2007 3:55am EDT

Stocks

   

Mergers & Acquisitions

SEOUL, April 18 (Reuters) - Private equity fund CVC is among bidders for Australian soft drinks company Coca-Cola Amatil's (CCL.AX) South Korean business, a source familiar with the situation told Reuters on Wednesday.

Samlip General Foods (005610.KS) and Coca-Cola's Mexico unit Femsa also submitted letters of interest last week to buy the South Korean arm, from the sale of which the Australian company hopes to raise nearly A$700 million ($585.8 million), the source said.

CVC is teaming up with South Korean food maker Woongjin Foods.

($1=1.195 Australian Dollar)

((Reporting by Kim Soyoung; editing by Keiron Henderson soyoung.kim@reuters.com; Reuters Messaging: soyoung.kim.reuters.com@reuters.net;+82-2-3704-5643)) Keywords: C C AMATIL SOUTH KOREA/

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nSEO12942
Mergers & Acquisitions


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    The Boeing 787 Dreamliner aircraft is surrounded by employees and special guests during its world premiere outside the Boeing assembly plant in Everett, Washington, in this July 8, 2007 file photo. REUTERS/Robert Sorbo/Files

    The Dreamliner takes off

    Boeing's fuel-efficient 787 took off on its first test flight, nearly two and a half years behind schedule. But the hurdles aren't over.  Full Article 

    Aerospace and Defense Summit
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures