A PYMNTS Company

Spain: CNMC approves Coca-Cola’s BPW buyout in Nestea breakup

By  |  November 27, 2017

Spain’s National Commission for Markets and Competition (CNMC) has cleared the first phase for the acquisition operation presented by The Coca-Cola Company for the exclusive rights to the Nestea brand’s distribution in Spain and Portugal, with the subsequent dissolution of current co-holder Beverage Partners Worldwide (BPW).

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Nestea arrived in the Spanish market in 1993 through a joint venture between Nestle and Coca-Cola called Beverage Partners Worldwide (BPW).

    Both multinationals announced last March their decision to dissolve BPW at the beginning of 2018, with Nestlé confirming their intention to grant Coca-Cola a franchise to develop and distribute Nestea in Spain and Portugal.

    Full Content: La Vanguardia

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.