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Investing

Coke, Nestle Reining in Tea Partnership (KO)

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By Paul Ausick Published
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The Coca-Cola Co. (NYSE: KO) and Swiss-based Nestle S.A. have participated in a 50-50 joint venture called Beverage Partners Worldwide (BPW) for the past decade to sell tea products in North America, Europe, and Asia. That partnership is dissolving as BPW will no longer sell the tea products except in Europe and Canada.

Coke will license Nestea products for sale in Taiwan and Hong Kong, but the US soft-drink company plans to replace the Nestea products with its own brands in the US.

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Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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