Coca-Cola Completed its Acquisition of Russian Juice Producer "Nidan"

Coca-Cola completed its acquisition of Nidan, said the American corporation. "Nidan Juices" unites all the production and marketing assets of the juice holding, including "Nidan-Gross"(Moscow) and "SP Nidan-Ekofrukt "(Novosibirsk).

The sellers were a British investment fund Lion Capital (75% plus 1 share) and the founders of the company. Lion Capital bought a stake in juice manufacturer in 2007, based on an assessment of $ 530 million for the entire company, said Interfax.
The deal with Coca-Cola is not disclosed, but the newspaper "Kommersant" on Wednesday, citing unnamed sources, reported that it had not exceeded $ 300 million excluding debt.

Information that "Nidan" was for sale appeared in January. Coca-Cola from the very beginning called the main contender for the acquisition of the company. In March, the American corporation reported on preparations for the transaction and the filing of the petition to the FAS. The document was filed on behalf of Coca-Cola Company European Refreshments. In early August the deal was approved by a Government commission of foreign investments monitoring.
"Nidan" is one of the four largest juice producers in Russia and manufactures products under the brands Caprice, Caprice Tea, My Family, Sokos, Champion  and Yes. Coca-Cola already owns a Russian juice producer Multon (brands Good and Rich).
 
Coca-Cola is confident in the potential of the Russian market and demonstrates  willingness to further investments in Russia. Since the beginning of 1990 the company invested in the Russian economy $ 2 billion, another $ 1 billion Coca-Cola intends to invest in their infrastructure in Russia in the next 3-5 years ", - stated in the corporation's press release.

By materials of forbes.ru