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Coca-Cola's stake sale in Indian bottling business up for Indian merger clearance

By Freny Patel ( February 26, 2025, 08:04 GMT | Insight) -- A deal for Coca-Cola to sell a 40 percent stake in its Indian bottling business, Hindustan Coca-Cola Holdings, to the Jubilant Bhartia Group and other investors has been notified to India’s competition regulator for merger clearance. The Indian acquirer, partnering with investors backed by Goldman Sachs, has sought approval from the Competition Commission of India under a Form II merger filing, indicating that the combined market share of the two companies exceeds 15 percent in certain defined markets.A deal for Coca-Cola to sell a 40 percent stake in its Indian bottling business, Hindustan Coca-Cola Holdings, to the Jubilant Bhartia Group and other investors has been notified to India’s competition regulator for merger clearance. ...

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