Warburg Pincus Pulls Out of Huiyuan Juice

SINGAPORE (Reuters) – U.S. private equity fund Warburg Pincus has ended its investment in China Huiyuan Juice (1886.HK), becoming the first big stakeholder to pull out of the firm after the collapse of Coca-Cola’s $2.4 billion takeover offer, the Financial Times newspaper reported on Tuesday.

Warburg Pincus had declined to exercise an option to swap its convertible bonds for a 7 percent equity stake in China’s leading juice maker, people familiar with matter said, according to the FT report.

Coca-Cola Co’s (KO.N) planned purchase of China Huiyuan Juice was blocked by the Chinese government in March, triggering a sharp fall in the company’s share price.