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

Wed Apr 18, 2007 3:55am EDT
 
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SEOUL, April 18 (Reuters) - Private equity fund CVC is among bidders for Australian soft drinks company Coca-Cola Amatil's (CCL.AX: Quote, Profile, Research, Stock Buzz) South Korean business, a source familiar with the situation told Reuters on Wednesday.

Samlip General Foods (005610.KS: Quote, Profile, Research, Stock Buzz) 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/

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