<P> In August 2014 the company announced it was forming a long - term partnership with Monster Beverage, with the two forging a strategic marketing and distribution alliance, and product line swap . As part of the deal Coca - Cola was to acquire a 16.7% stake in Monster for $2.15 billion, with an option to increase it to 25% . </P> <P> In December 2016, Coca - Cola bought many of the former SABMiller's Coca - Cola operations . </P> <Ul> <Li> Carbonated water </Li> <Li> Sugar (sucrose or high - fructose corn syrup (HFCS) depending on country of origin) </Li> <Li> Caffeine </Li> <Li> Phosphoric acid </Li> <Li> Caramel color (E150d) </Li> <Li> Natural flavorings </Li> </Ul> <Li> Sugar (sucrose or high - fructose corn syrup (HFCS) depending on country of origin) </Li>

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