The Cola-Cola Company has finally acquired of Chi Limited.
According to a statement sent to okay on Wednesday, Coca-Cola said it has extended its minority investment in the company to full ownership.
The company has already acquired a 40% minority stake in Chi and expressed interest in increasing ownership within three years.
“Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse range of beverages perfectly complements our existing portfolio, enabling us to accelerate expansion into new categories and grow our business in Africa,” said Peter Njonjo, president of the West Africa business unit of Coca-Cola.
“We will support the Chi management team in building on the company’s remarkable heritage and achievements while using the scale of the Coca-Cola system to replicate their success in more markets across Africa,” the statement said.