|
|
![]() |
![]() Raymond Zhou:
By jingo, they're mad! Op Rana:
Consumerism and politics of waste Ravi S. Narasimhan:
Lessons from SARS have to be applied Alexis Hooi:
Beyond the death and destruction Coca-Cola's bid for Huiyuan under review
(Agencies)
Updated: 2008-12-02 14:35 The Chinese government is conducting a routine anti-monopoly review of Coca-Cola's multi-billion-dollar takeover bid for the Huiyuan Juice Group, the two companies said in a joint statement. "The application under (China's) Anti-Monopoly Law has been submitted to the Ministry of Commerce. The approval process is progressing and we are working in full cooperation with the Ministry of Commerce," said the statement.
![]()
If approved, it would be Coca-Cola's largest acquisition in China and, according to analysts, the biggest ever foreign takeover of a Chinese firm. The anti-trust review is required by Chinese rules as the combined global turnover of the two firms was more than 10?billion yuan ($1.45 billion) in 2007, and as they each made over 400 million yuan in China. The commerce ministry has said it would review the takeover according to the principles of a market-oriented economy. Analysts have said the planned deal is a litmus test of China's anti-monopoly law that took effect in August. The bid has until March 23 to pass the review, according to the statement. ![]() ![]()
![]() |
永胜县| 邢台县| 宕昌县| 礼泉县| 濮阳县| 扬中市| 尉犁县| 东明县| 峨山| 当阳市| 邯郸市| 龙川县| 宜兴市| 德江县| 镇赉县| 米林县| 安泽县| 巩义市| 若尔盖县| 福州市| 邛崃市| 屏东市| 徐州市| 广水市| 容城县| 建湖县| 龙口市| 嵩明县| 陇南市| 哈巴河县| 巴林左旗| 万载县| 宜都市| 永福县| 靖远县| 磴口县| 额尔古纳市| 格尔木市| 金华市| 新丰县| 望城县|