World Business Briefing: Japan: Coca-Cola Buys Stake in a Bottler in Tokyo
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The Coca-Cola Company will buy a 34 percent stake in the Tokyo Coca-Cola Bottling Company to increase sales in Japan after volume declined last year. The Japanese subsidiary of Coca-Cola will buy new shares of the closely held Tokyo-based bottler, the companies said in a statement. The financial terms were not disclosed. The Takanashi family, which founded the bottler 50 years ago, will retain control of about 65 percent of the company, Charlie Sutlive, a Coca-Cola spokesman, said.
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Coca-Cola Co , the world's largest maker of soft drinks, reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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Australian soft drinks maker Coca-Cola Amatil Ltd  said on Thursday the Coca-Cola Company  plans to sell a stake of about 2.4 percent in Amatil to buy a stake in Amatil's former South Korean business.
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Coke is defending its position as the beverage king of the world.
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TOKYO -- Japan Tobacco Inc. announced plans Friday to buy Britain's Gallaher Group PLC for 2.25 trillion yen ($19.1 billion) in reportedly the largest-ever corporate acquisition by a Japanese company.
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SYDNEY (Dow Jones)--Prevented by regulators from getting too big in the juice market, Asia Pacific&#39;s largest softdrinks bottler Coca-Cola Amatil Ltd.
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By Kyodo News International, Tokyo  Feb. 8--TOKYO -- Three major beer brewers in Japan saw record high  profits in their 2006 business year through Dec.
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Japan Tobacco Inc has said it has reached an agreement to buy British rival Gallaher Group for 2.25 trillion yen (19.1 billion dollars) including debt, in Japan's biggest ever corporate acquisition.
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TOKYO/LONDON  - Japan Tobacco Inc.  said on Friday it had agreed to buy British cigarette maker Gallaher Group Plc  for 7.5 billion pounds ($14.7 billion) in cash, the biggest-ever foreign acquisition by a Japanese company.
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Coca-Cola Enterprises Inc.  said on Tuesday it took a $2.9 billion impairment charge in 2006, and the largest bottler of Coca-Cola  drinks also said it plans to cut about 3,500 jobs, or 5 percent of its global work force.
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U.S. fund Cerberus Capital Management LP  is likely to sell its $474 million stake in Japan's Imperial Hotel Ltd. , the Nikkei business daily reported in its evening edition on Tuesday.
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Japan Tobacco Inc. said on Friday it would buy Britain's Gallaher Group Plc for $14.7 billion in the biggest-ever foreign acquisition by a Japanese company.
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US soft-drink giant Coca-Cola has said it will equip its vending machines in Japan to accept credit payment through mobile telephones, an increasingly popular money option in the country.
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Shares in LG.Philips LCD Co Ltd  surged on Friday on market talk Japan's Matsushita Electric Industrial was buying a stake in the South Korean flat screen maker, but both firms poured cold water on the talk.
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Japan Tobacco buys the UK tobacco firm Gallaher for $19bn in an all-cash deal.
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ATLANTA -- The Coca-Cola Co., which has been looking to expand its water and energy drink portfolio and jump-start sales in its struggling North America unit, said Friday it has agreed to buy Vitaminwater maker Glaceau in a cash deal valued at $4.1 billion.
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Coca-Cola Co.  said on Wednesday  it had completed a deal to buy Philippine firm San Miguel  Corp.'s  stake in a soft drink venture for $590  million.