Tuesday, March 10, 2009

China reviews Cola-Huiyuan deal under anti-monopoly law

BEIJING, March 10 (Reuters) - China is reviewing Coca-Cola Co's <KO.N> bid to acquire China Huiyuan Juice Group <1886.HK> under the anti-monopoly law, Commerce Minister Chen Demin said on Tuesday.

Chen was speaking after a press conference during the annual parliamentary meeting.

Coca-Cola said in December it had filed an application for anti-trust approval in China. The case is being closely watched by analysts and lawyers since it is the first to test the nascent law.

Coke agreed to pay HK$12.20 a share in cash, nearly three times its HK$4.14 price before the deal was announced last September.


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