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Coca-Cola venture buys into distributor in Lebanon

Coca-Cola Co said on Monday that it had shipped drinks to customers in Myanmar, its first delivery to the southeast Asian country in more than 60 years. (Reuters)
ACCBC bought the stake from Lebanon's Transmed, a consumer products distributor. (File Photo: Reuters)

Coca-Cola venture buys into distributor in Lebanon

ACCBC says it has acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon

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Reuters, Abu Dhabi

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Aujan Coca-Cola Beverages Co (ACCBC), a venture between Coca-Cola Co and Saudi Arabia's Aujan Industries, said it had acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon.

ACCBC bought the stake from Lebanon's Transmed, a consumer products distributor, which will continue to own part of National Beverage Co, the company said on Monday. Terms of the deal weren't disclosed.

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