Tengrinews TV Радио Tengri FM Радио Жұлдыз FM Laws of Kazakhstan
KZ RU EN
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
USD / KZT - 335.71
EUR / KZT - 357.36
CNY / KZT - 48.76
RUB / KZT - 5.23

Coke buys $2.15 billion stake in Monster

15 august 2014, 11:33
0
©Reuters/Soe Zeya Tun
©Reuters/Soe Zeya Tun

  Coca-Cola announced Thursday it will pay $2.15 billion for a 16.7 percent stake in Monster Beverage, cementing a distribution-based link between the two that had added significantly to Coke's profits, AFP reports.

The deal would lock in for the soft drink giant a share of the energy drink market, where its own brands have lagged far behind Monster Energy and rival Red Bull.

Coke will transfer ownership of its energy drink unit -- brands including NOS, Full Throttle and Burn -- to Monster, and take over Monster's non-energy brands like Hansen's Natural Sodas, Peace Tea and Hubert's Lemonade.

Meanwhile, Coke will expand its distribution of Monster drinks under long-term deals, and put two directors on the Monster board.

"The Coca-Cola Company will become Monster's preferred distribution partner globally and Monster will become The Coca-Cola Company's exclusive energy play," the two announced.

The deal comes four months after Coke denied rumors it was in talks to buy Monster Beverage. Critics said a close tie-up was necessary to prevent a rival like Pepsi from buying up a significant contributor to Coke's bottom line.

"Our equity investment in Monster is a capital-efficient way to bolster our participation in the fast-growing and attractive global energy drinks category. This long-term partnership aligns us with a leading energy player globally," said Muhtar Ken, Coke chairman and chief executive.


Нравится
Add comment
Most Read
Most Discussed