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Food & Beverage

Swire buys Coca-Cola bottlers in Vietnam, Cambodia for $1bn

Hong Kong-listed group expands bottling business into Southeast Asia

Coca-Cola advertisement in Ho Chi Minh City, Vietnam   © AP

HONG KONG -- Swire Pacific is expanding its Coca-Cola bottling business into Southeast Asia.

The Hong Kong-listed British conglomerate announced on Monday after trading hours that it is spending $1.01 billion to acquire full stakes in bottlers in Vietnam and Cambodia, currently owned by Coca-Cola (Japan), which is a full subsidiary of Coca-Cola of the U.S.

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