COKE CONSOLIDATED <COKE.O> TO SELL CANADA UNIT
Coca-Cola Bottling Co
Consolidated said it has agreed in principle to sell its
Vancouver-based Canadian bottling subsidiary to Coca-Cola Co
<KO> for undisclosed terms, with closing expected within 60
days subject to regulatroy approvals.
    The company said the sale, a previously-announced agreement
for Coca-Cola to buy 1,600,000 Coke Consolidated common shares
and operating cash flow should allow it to reduce its long-term
debvt to about 200 nmln dlrs from 325 mln dlrs at the end of
the first quarter.
 Reuter
