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Coca-Cola increases stake with Keurig Green Mountain - WCAX.COM Local Vermont News, Weather and Sports-

Coca-Cola increases stake with Keurig Green Mountain

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SOUTH BURLINGTON, Vt. -

Coca-Cola is increasing its stake in Keurig Green Mountain.

The soft drink giant announced late Monday it is increasing its interest in Keurig from 10 percent to 16 percent. That makes Coke the largest single shareholder in Keurig

The partnership started in February as part of a plan to develop a cold beverage system to do for soft drinks what Keurig brewers have done for coffee. Keurig's stock price has risen since then and is up again on this latest news.

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