John Swire & Sons to acquire Swire Coca-Cola, USA from Swire Pacific for HKD30.4bn.

John Swire & Sons, a diversified businesses operator, agreed to acquire Swire Coca-Cola, USA, a Coca-Cola and other beverages producer and seller, from Swire Pacific, a conglomerate, for HKD30.4bn. "This transaction represents an attractive valuation that results in a gain of approximately $2.9bn on disposal, the biggest profit ever realised by Swire Pacific. This allows us to provide immediate value to our shareholders by returning approximately half of this gain by way of a special dividend. It is also consistent with our strategic focus on Greater China and South East Asia, where we remain committed to executing our exciting investment pipeline," Guy Bradley, Swire Pacific Chairman.