date:Sep 25, 2012
The Coca-Cola Co. said Monday that it completed its $980 million deal to buy roughly half of one of the Middle East's biggest independent beverage companies.
The world's biggest beverage company announced the deal to buy Saudi Arabia's Aujan Industries last year.
Aujan sells the popular Rani line of fruit drinks and the nonalcoholic malt beverage Barbican throughout the Middle East. It also holds the regional license for Vimto, a British spiced fruit drink that is popular with many Muslims cel