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The Coca-Cola Company : Coca-Cola Boosts Investment in European Smoothie Maker Innocent

02/22/2013 | 01:24pm US/Eastern
   By Paul Ziobro 
 

Coca-Cola Co. (KO) boosted its investment in European smoothie company Innocent Drinks, giving the world's largest drink maker a majority stake.

Coca-Cola is buying the majority of the founders' remaining shares, leaving them with a minority stake. Terms of the transaction, which is subject to government approval, weren't disclosed.

Coca-Cola first invested in Innocent four years ago and has gradually built up its stake.

Innocent had sales of GBP209 million, double what it was in 2008.

Write to Paul Ziobro at paul.ziobro@dowjones.com

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