Otsuka Pharmaceutical Co., the maker of Pocari Sweat sports drinks, will spend ¥120 billion for 49 percent of French water bottler Alma as it seeks to counter slowing drink sales at home.
Closely held Otsuka said it is buying the stake from French investment company Rox Invest, which this year purchased the bottler of Vichy Cilestins and Cristaline water brands from French winemaker Groupe Castel.
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