Friday, July 6, 2007

LG hopes to sell C-C Amatil unit shrs to Coca-Cola

(Reuters) - South Korean online news provider EDaily quoted an LG
source as saying later in the day that the company was planning
to sell some shares in the unit to Coca-Cola, once the deal
closed, to secure basic liquids from the U.S. company.




"Once the acquisition is completed and Coca-Cola wants such
a deal, we can consider selling part of the shares," said a
spokesman at LG Household. "We have sought investment by
Coca-Cola from the very initial stage."


Read more at Reuters.com Mergers News

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