Coca-Cola Co., the world's largest soft-drink maker, will buy a 34 percent stake in Tokyo Coca-Cola Bottling Co. to expand its business in the Japanese market.
Coca-Cola Japan Co., the company's Japanese subsidiary, will buy new shares of the Tokyo-based bottler, according to a statement released Tuesday thorough Business Wire.
Coca-Cola Japan will name a new president of Tokyo Coca-Cola and appoint one-third of its board members. Keiji Takanashi, representative director and president of the bottler, will stay on as chairman and chief executive officer.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.