TOKYO -- Suntory Beverage & Food said Thursday it will withdraw from its nonalcoholic drink business in Indonesia, transferring a majority stake in a joint venture there to partner Garudafood.
Food & Beverage
Suntory to exit Indonesian soft drink business
Japanese company to sell stake in joint venture to partner Garudafood
Suntory Beverage & Food's exit from the Indonesian soft drinks market is expected to be complete in the first half of 2024. (Photo by Yoichi Iwata)
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