Coca-Cola ac­quires Africa’s largest bot­tling firm from AB InBev

Financial Nigeria Magazine - - Finance -

The Coca-Cola Com­pany, the world’s largest bev­er­age com­pany, reached a deal to ac­quire An­heuser-Busch InBev’s 54.5 per­cent stake in Coca-Cola Bev­er­ages Africa, the con­ti­nent’s largest bot­tling firm, for $3.15 bil­lion. CCBA has op­er­a­tions in South Africa, Namibia, Kenya, Uganda, Tan­za­nia, Ethiopia, Mozam­bique, Ghana, May­otte and Co­moros.

At­lanta-based Coca-Cola also agreed in prin­ci­ple to ac­quire AB InBev’s in­ter­est in bot­tling op­er­a­tions in Zam­bia, Zim­babwe, Botswana, Swazi­land, Le­sotho, El Sal­vador and Hon­duras for an undis­closed amount. Both trans­ac­tions are sub­ject to the rel­e­vant reg­u­la­tory and mi­nor­ity ap­provals and are ex­pected to close by the end of 2017.

Coca-Cola said it plans to hold all CCBA op­er­a­tions tem­po­rar­ily un­til they can be re­fran­chised to other part­ners. Th­ese bot­tling part­ners in­clude Coca-Cola Euro­pean Part­ners and Coca-Cola Hel­lenic (own­ers of the Nige­rian Bot­tling Com­pany).

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