Coca-Cola, Aujan JV acquires majority stake in Lebanon’s NBC

July 17, 2014 12:07 am

The joint venture between Coca-Cola Co and Saudi Arabia’s Aujan Industries has said it has acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon, Saudi Gazette has reported. Aujan Coca-Cola Beverages Co (ACCBC) bought the stake from Lebanon’s Transmed, a consumer products distributor, which will continue to own part of National Beverage Co, the company said. Terms of the deal and the size of the stake weren’t disclosed.