Sapporo Buys Majority Stake in Pokka

Japanese beer maker Sapporo Holdings will pay 21.3 billion yen ($260 million) to take majority control of beverage maker Pokka Corp., Reuters reported. Pokka is owned by investors including private equity firm Advantage Partners and food and dairy firm Meiji Holdings. Sapporo will increase its ownership in the company to 85.5%, up from 21.4%, by buying shares from Advantage and Meiji, Reuters said.

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