Coca-Cola (KO -0.6%) and Nestle (NSRGY.PK) have worked out an agreement to narrow the geographic...

|About: The Coca-Cola Company (KO)|By:, SA News Editor

Coca-Cola (KO -0.6%) and Nestle (NSRGY.PK) have worked out an agreement to narrow the geographic scope of their ready-to-drink tea JV to Canada and Europe. The firm will enter a licensing arrangement in Taiwan and Hong Kong, while the rest of the regions involved will be phased out by the end of 2012.