Brazil: Coca-Cola Brasil asks court to annul 2017 Heineken acquisition of Brasil Kirin
Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken acquisition of Brasil Kirin, the Valor Economico newspaper reported on January 24, citing court documents.
According to the paper, Coca-Cola has accused the Dutch brewer of designing a sale contract for Brasil Kirin with the intention of breaking the distribution contract the company had with Coca Cola. Heineken tried to break the contract in 2017, but Coca-Cola distributors began arbitration.
Last October, the arbitration decided Heineken must keep distributing Brasil Kirin’s products through 2022, keeping the dates in the original contract.
Heineken and Coca-Cola did not immediately comment on the matter.
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