By Ian Walker

Coca-Cola HBC AG (CCH.LN) said Friday that it and Coca-Cola Co. (KO) have agreed a new Russian joint venture agreement via the creation of a 50:50 indirectly-owned company.

The Switzerland-based bottler for Coca-Cola Co. said the two companies have combined their assets in the Multon Z.A.O group of companies into the new company. Multon is an existing joint venture which produces and distributes juices in Russia.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

December 13, 2019 09:25 ET (14:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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