Breaking News: Coca-cola Formally Takes Over Chi Limited

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The Cola-Cola Company has formerly completed the acquisition of Chi Limited.

In a statement on Wednesday, Coca-Cola announced that it has extended its minority investment in the company to full ownership.

There have been a prolong deliberations and discussions, which started last December, but amalgamated to a formal acquisition this month.

Chi Limited, incorporated in 1980, is a fast-moving consumer goods company that provides consumer products in the dairy, beverages and snacks sectors. The company’s headquarter is in Lagos, Nigeria.

More to follow…

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