Coca-Cola is considering taking its Indian bottling unit, Hindustan Coca-Cola Beverages, public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with the matter.
The company has recently held discussions with bankers about a possible initial public offering of Hindustan Coca-Cola Beverages Pvt., which could value the unit at roughly $10 billion, sources told Bloomberg, requesting anonymity due to the private nature of the talks.
The process is still in its early stages, and no bankers have been formally appointed for the deal.
Reuters could not verify the report immediately.
More to come..
