Rumors that Coca Cola is seeking to acquire Russia’s Nidan Soki were confirmed today after an announcement that the beverage maker has officially applied for approval to make the purchase from Russian regulators.
The share’s are to be acquired from private equity group Lion Capital. Terms of the deal have not been disclosed.
The Coca-Cola Company is rumored to be evaluating purchase of a controlling interest in Nidan Juices, Russia’s fourth largest juice producer, from London-based private equity group Lion Capital.
Lion Capital bought a 75% stake in Russia’s fourth-largest juice maker in 2007 with financing from Goldman Sachs at a valuation that put the company’s value at $530 million. The group has been shopping for a buyer for the firm since November 2009.
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