Wednesday, July 1, 2009

Daily news - 1 Jul

F&N, Coca-Cola extend tie-ups
Fraser and Neave (F&N) and The Coca-Cola Company have agreed on new transition arrangements that will run for 20 months after their current bottling arrangments in Malaysia, Singapore and Brunei expire in January next year. A joint statement last night said the transition deals followed discussions since last year for mutually beneficial arrangements in the spirit of their long-standing relationship. F&N had earlier this year said that it would regain distribution of its soft drinks in Singapore after agreements with Coca-Cola end next year. It had also said that its Malaysian unit would lose the rights to bottle and distribute Coca-Cola's beverages, a development that sent F&N shares falling sharply.

Source: Kim Eng

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