Coca-Cola Finishes Purchase of Majority ZICO Stake
Ending months of waiting, the Coca-Cola Co. has finally purchased a majority stake in Zico Coconut water, consummating a deal that has lingered in the final stages since the early Fall. Independent shareholders of the brand began to receive checks for their stakes in the company earlier this week. Coke’s initial stake in the company, acquired in 2009, was part of a combined $15 million stake that also included a group of entrepreneurs, distributors, celebrities, and others.