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