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Coke may be close to deal with Zico
According to respected industry publication Beverage Digest, The Coca-Cola Company is close to investing in California-based coconut water drinks maker Zico.
Beverage Digest editor John Sicher said that the investment would probably be a minority equity stake and could be announced as soon as within a week, citing unnamed sources.
Coke spokesman Scott Williamson declined to comment, saying the company “does not comment on speculation”. Officials at Zico couldn’t immediately be reached.
In August, PepsiCo Inc announced a deal to buy Amacoco, Brazil’s largest maker of coconut water drinks.
Beverage Digest reported news of the possible Coke-Zico deal on Twitter on 27 August.
Source: Beverage Digest
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