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Eastroc Beverage Picks Banks for $500 Million Zurich GDR

  • A Swiss offering by Eastroc could happen as soon as this year
  • Firm joining flurry of Chinese companies in GDR plans

Chinese energy drink maker Eastroc Beverage Group Co. has selected banks for a sale of global depositary receipts in Switzerland that could raise about $500 million, according to people familiar with the matter.

The Shanghai-listed company is working with China International Capital Corp. and Goldman Sachs Group Inc. on the potential share sale, the people said. A listing could happen as soon as this year, the people said, asking not to be identified as the information is private.