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Nov, 01 2018

Coca-Cola creates global ventures for handling acquisitions

The unit is created to focus on ensuring maximum value from acquisitions and investments.

The Coca-Cola Company has formed a new international group called Global Ventures. The unit is created to focus on ensuring maximum value from acquisitions and investments.

James Quincey, Coca-Cola Global Chief Executive Officer, said, "Acquisitions will continue to be an important tool for the company. This group will partner with colleagues around the world to identify and nurture the next series of fast-growing opportunities. We have created the group to ensure we properly connect and globally scale key acquisitions."

Coca-Cola, Nestle and Unilever are in the due diligence stage for acquiring GlaxoSmithKline Consumer's $4 billion Indian nutrition business, which includes malt beverages Horlicks and Boost.

"As with all M&As, completing the acquisition is only the first step. What is critical is accelerating our results and executing with precision," Quincey further said.

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