Coca-Cola Co. acquired about half of the equity in the beverage business of Saudi Arabia-based Aujan Industries for $980 million, to expand its presence in non-alcoholic beverages in the Middle East.
Carlyle Group's managing director and the executive in charge of the firm's Dubai office, Firas Nasir, said that by the end of 2011, the private equity firm would buy a food processing company in Saudi Arabia, reported Arab News.
