TOKYO Japanese soy sauce maker Kikkoman Corp (2801.T) said on Monday U.S. drinks maker Coca-Cola Co (KO.N) was seeking a 50 percent stake in an unlisted Kikkoman subsidiary, Tone Coca-Cola Bottling Co.
Coca-Cola aimed to acquire the stake by the end of March and will start talks with Kikkoman, which holds a 50 percent stake, and other shareholders on price, the two companies said in a joint statement.
A Kikkoman spokesman said it has yet to be determined whether or how much of its stake it would sell to Coca-Cola.
Tone Coca-Cola, based in Chiba, on the outskirts of Tokyo, manufactures and sells Coca-Cola brand soft drinks in Chiba and nearby areas outside of Tokyo.
(Reporting by Taiga Uranaka; Editing by Rodney Joyce)