MOFCOM Blocks Coca-Cola/Huiyuan Transaction
March 2009
Christopher F. Corr, George L. Paul, Patrick W. Ma
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On March 18, MOFCOM announced that it had blocked Coca-Cola's proposed $2.4 billion acquisition of China Huiyuan Juice Group, a leading Chinese juice producer. It is MOFCOM's second reported merger decision under the recently enacted Anti-Monopoly Law ("AML"), which came into effect August 1, 2008 and the first true test of merger enforcement under the AML. The decision is highly controversial and has sparked complaints in the United States and elsewhere that the AML is being used to block foreign investment.
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