UPDATE 1-Chile bottler Andina first half net up 9.9 pct

(Reuters) - Andina , which bottles and distributes
Coca-Cola products in Chile, Brazil and Argentina, said
profit for the January-June period was 35.014 billion pesos
versus 31.847 billion pesos in the same period
last year.




"This first quarter we had good results because of a rise
in volume, a rise in real prices and a positive macroeconomic
environment," the company said in a statement.


Read more at Reuters.com Market News

Coca-Cola Upgraded to `Buy' at Citigroup as Acquisitions Boost Growth

(Bloomberg) -- Coca-Cola Co. was upgraded to ``buy''
from ``hold'' at Citigroup Investment Research, which said recent
acquisitions and a recovery in Asian markets will allow the
world's biggest soft-drink maker to grow faster.

Analyst Bonnie Herzog recommended investors buy shares of
Coca-Cola because the stock, which has risen 8.2 percent this
year, may climb further if the company exceeds its long-term
target of ``high-single-digit'' profit growth.


Read more at Bloomberg Stocks News

Tata Tea Shares Rise to 15-Month High on $1.2 Billion Glaceau Stake Sake

(Bloomberg) -- Shares of Tata Tea Ltd., a unit of
India's biggest business group, rose to a 15-month high after it
agreed to sell its stake in Energy Brands Inc. to Coca-Cola Co.
for $1.2 billion.

Tata Tea made a profit of $523 million from the sale of its
30 percent stake in Energy Brands, Vice Chairman R.K. Krishna
Kumar said on May 25. The Kolkata-based company paid $677
million for its stake in Energy Brands, known as Glaceau, in
August.


Read more at Bloomberg Commodities News

Bikoff Parlays Celebrity, Packaging, Setbacks Into a Jackpot for Glaceau

(Bloomberg) -- J. Darius Bikoff was forced to buy
bottled water for the first time in 1993, when water in his
Upper East Side New York apartment was turned off. Today, he
sold a company formed from that experience for $4.1 billion.

Bikoff couldn't see any difference between the brands, so
he created his own. Three years later, he founded Energy Brands
Inc., which agreed today to be bought by Coca-Cola Co.


Read more at Bloomberg Exclusive News