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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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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.