Coca-Cola purchases 40% stake in Nigerian juice maker Chi for $240m
date:Feb 02, 2016
nks giant will also work out long-term commercial aspects.

The companies have also agreed to seek other opportunities to strengthen their association further.

The 40% stake in Nigeria's value-added dairy and juice beverage brands such as Hollandia and Chivita has been made to build Coca-Cola's West African portfolio of still beverages. The move will strengthen Coca-Cola's presence in African fast growing value-added dairy segment.

With the deal, both the companies will leverage their respecti
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