Starbucks to buy remaining stake in East China JV for $1.3 bln

July 27 (Reuters) - Starbucks Corp said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture partners for about $1.3 billion in cash.

The acquisition from Uni-President Enterprises Corp and President Chain Store Corp will give Starbucks ownership of about 1,300 Starbucks stores in Shanghai and Jiangsu and Zhejiang provinces. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sai Sachin Ravikumar)