Some interesting news from the business sector as Coca-Cola is attempting to buy Huiyuan, one of China’s largest juice makers for $2.4 billion. If the sale is approved by local authorities, the deal would be the largest takeover by a foreign firm of a Chinese company.

However, China’s commerce ministry is saying it intends to carry out an anti-monopoly review of the proposed takeover. China reformed it’s anti-monopoly laws on August 1 and this sale will be the first test of the new law. There are some good insights into the new law as well as some analysis by Chinese business experts  here.

Coca-Cola will offer 12.20 Hong Kong dollars ($1.60) per share in Hong Kong-listed Huiyuan. That’s three times the market value of Huiyuan. Coca-cola says that three shareholders owning a total of 66 percent in the company had already accepted the offer.

Huiyuan is one of China’s best-known juice brands and generated 2.7 billion yuan ($395 million) last year. That’s 40 percent of China’s growing juice market share.