Coca-Cola Sets $450-Million E. German Deal
Soft-drink giant Coca-Cola Co. has agreed to buy bottling and distribution plants in eastern Germany in a deal that will bring its total investment in the region to $450 million, a top executive said today.
“We believe this is the largest single investment announced for eastern Germany outside the automotive sector,” said Donald Keough, president and chief operating officer of the world’s biggest beverage company.
Keough said Coca-Cola signed an agreement in principle to buy the plants through Treuhandanstalt, the trust fund responsible for privatizing businesses in what was formerly East Germany.
He declined to say how much Coca-Cola will pay for the eastern German operations, located in 12 cities including Berlin, Dresden and Leipzig.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
