SAIF Partners buys 22.98% stake in Huiyuan Juice Group from Danone
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group, for approximately $260 million, more than one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan for $2.4 billion.
According to reports, SAIF's $260 million figure appraises the company at approximately half of Coca-Cola's past valuation. Danone is parting with its stake at a 10% premium over its last closing price,...
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