London and South Africa-listed beverages group SABMiller plc (SAB) announced on Monday that it is to dispose of the trademarks “Just Juice”, a juice brand, and “Valpre”, a water brand, to The Coca Cola Company for $13-million in cash.
The company reported that these brands would continue to be distributed in South Africa by SABMiller plc’s indirect subsidiary Appletiser South Africa (Proprietary) Limited.
This transaction is subject to regulatory approval, including approval from local competition authorities. – I-Net-Bridge