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Coca-Cola secures Indian clearance for Goldman Sachs-backed bottling stake deal

( May 2, 2025, 06:55 GMT | Official Statement) -- MLex Summary: Coca-Cola has received approval from the Indian antitrust watchdog to proceed with the sale of a 40-percent stake in its Indian bottling business, Hindustan Coca-Cola Holdings, to the Jubilant Bhartia Group and other investors. Jubilant Bhartia Group, partnering with investors backed by Goldman Sachs, sought clearance from the Competition Commission of India, or CCI, in February under a Form II filing, indicating that the combined market share of the two companies exceeds 15 percent in certain defined markets. The CCI said that a detailed order outlining the rationale for the approval will be released subsequently. Last month, the CCI also approved Kandhari Global Beverages' acquisition of Coca-Cola's bottling plants located in North Gujarat and Diu. The statement follows:...

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