HK's Swire Pacific sells US drinks unit to shareholder for $3.9b

HK's Swire Pacific sells US drinks unit to shareholder for $3.9b

FILE PHOTO: An evening view of the financial Central district and Victoria Harbour in Hong Kong, China, May 9, 2023. REUTERS/Tyrone Siu

Hong Kong-based conglomerate Swire Pacific Ltd said on Wednesday it would sell its Swire Coca-Cola USA unit for $3.9 billion to its controlling shareholder, John Swire & Sons Ltd.

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