Swire Buys Coke’s Vietnam, Cambodia Bottle Plants for $1 Billion
- First foray into Southeast Asia beverages market for Swire
- Swire bought Coke’s southern China bottling operations in 2016
Photographer: Jasper Juinen/Bloomberg
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Swire Pacific Ltd. is buying Coca-Cola Co.’s bottling operations in Vietnam and Cambodia for $1.015 billion, marking the Hong Kong conglomerate’s first expansion into the Southeast Asian beverages market.
The deal will “expand the group’s beverages business into one of the most rapidly growing beverages markets,” Swire said in a stock exchange filing on Monday. The transaction is expected to be completed within six months, subject to antitrust approval, according to the filing.