Coca-Cola to buy out bottler’s stake and seek new owner
dubai Coca-Cola Company and Anheuser-Busch (AB) InBev have reached an agreement over AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for USD3.15bn.
CCBA includes the countries of South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.
In addition, the companies have reached an agreement in principle for
The Coca – Cola Company to acquire AB InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.
AB InBev gained the stake through taking over SABMiller but lacks experience in soft drinks in Africa. The Coca-Cola Company plans to hold all of these territories temporarily until they can be refranchised to other partners.