The Chinese Antitrust Authority denies the merger approval between a US leading soft drink and a Chinese juice manufacturer (Coca Cola / Huiyuan)

Today the Chinese Ministry of Commerce (MOFCOM) announced that it had denied antitrust approval of The Coca-Cola Company's proposed acquisition of a famous Chinese Juice manufacturer, China Huiyuan Juice Group Limited («Huiyuan»). MOFCOM's decision to block the Coke deal, after its conditional approval of InBev's acquisition of Anheuser-Busch in November 2008, is the second landmark decision by MOFCOM during its first eight months of enforcement of China's new Anti-Monopoly Law («AML»). However, the reasoning behind today's decision raises questions about MOFCOM's enforcement of the new law. Coca-Cola submitted its initial merger filing in September 2008. After several supplemental submissions, MOFCOM opened a second-stage review in December. Today's decision indicates that MOFCOM made

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Jones Day (Beijing)
  • Jones Day (Beijing)
  • Winston & Strawn (New York)

Quotation

Peter J. Wang, Yizhe Zhang, Stephen Harris, The Chinese Antitrust Authority denies the merger approval between a US leading soft drink and a Chinese juice manufacturer (Coca Cola / Huiyuan), 18 March 2009, e-Competitions March 2009, Art. N° 33793

Visites 1103

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues