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Coca-Cola buys stake in Nigerian juice and dairy firm Chi

2016-01-30 16:24:11| Beverages - Topix.net

Jan 30 The Coca-Cola Company has bought a 40-percent stake in Nigerian juice and dairy firm Chi Ltd from unlisted European firm TGI Group, both companies said in a statement on Saturday. It gave no valuation for the deal but an industry source said Coca-Cola was paying a "triple-digit-million-dollar" amount for the 40-percent stake.

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