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Hong Kong firm Swire Pacific revealed on Friday it will buy Coca-Cola bottling assets in China for 5.87 billion yuan ($852 million).

Coca Cola sells bottling assets in China to Swire Pacific

S. Rina   | Nov 20, 2016 06:22 AM EST

Coca Cola divested its bottling business in China as it sold its assets to Swire Pacific Ltd. for 5.87 billion yuan ($852 million), the Hong Kong conglomerate announced on Friday. Swire will acquire the manufacturing and distribution assets from China Foods Ltd., which is a subsidiary of state-owned food firm COFCO Corp.

China's Cofco bought the remaining 49 percent stake of Netherland-based Nidera.

China's COFCO Assumes Full Ownership of Nidera

Charissa Echavez   | Aug 24, 2016 02:31 PM EDT

China's state-backed grain trading firm Cofco Corp. announced on Tuesday that it would acquire the remaining 49 percent stake of Netherlands-based grain trader Nidera NV.

Australian Vintage is betting that China's growing appetite for wine and its partnership with COFCO will lift its sales in China. Reuters/Bobby Yip

Australian Vintage Partners with COFCO for Wine Push in China

Mia Lindog   | Aug 26, 2014 04:55 AM EDT

Australian Vintage, maker of the wine brand McGuigan, signed a distribution deal with China's largest food processor, manufacturer and trader, the state-owned COFCO, a development that will make its product available in one of the largest growing wine market.

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