Nigeria, July 31 -- UAC of Nigeria announced in a statement on Wednesday that it reached an agreement to take over Chivita/Hollandia (Chi Limited) from Coca-Cola Company Limited.

Chi Limited is a leading manufacturer of food and beverages. It produces juices, value-added dairy products, nectars, and snacks.

Among the iconic brands in its portfolio are Chivita, CapriSun and Hollandia Yoghurt.

The acquisition allows UAC, whose food business boasts of key brands such as Gala, Supreme Ice Cream and Swan Table Water, to broaden its portfolio. It is subject to regulatory approval.

"We are pleased to announce the acquisition of Chivita/Hollandia (Chi Limited), a leading dairy and juice company in the region," said UAC Group Managing Director...