Coca Cola Acquires African Bottling For $3.15Bn

Anheuser-Busch InBev has agreed to sell its majority stake in Africa’s largest Coke bottler to the Coca Cola Company for 3.15 billion dollars, the final planned divestment following its purchase of rival brewer SABMiller.

 

Coca Cola


 

The world’s largest beer maker and Coca Cola said in a joint statement on Wednesday that they had agreed the transfer of AB-InBev’s 54.5 per cent stake in Coca-Cola Beverages (CCBA).

CCBA has operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.

The companies have also reached an agreement in principle for Coca-Cola to acquire AB-InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.

The transactions, subject to relevant regulatory and minority approvals, are expected to close by the end of 2017.

Coca Cola said it planned to hold all operations temporarily until they can be re franchised to other partners. Its existing bottling partners include Coca-Cola European Partners and Coca-Cola Hellenic.

Advertise with Okay.ng |  Send news and press releases to Okay.ng | Get daily news updates on Telegram
Okay.ng on Google News


Back to top button