SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, 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 values the company at approximately half of Coca-Cola’s past figure. Danone is parting with its stake for HK$6 a share ($0.77), a 10% premium over its...
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