COCA COLA Buys African Bottling From AB InBev For $3.15Bn

Coca-Cola Buys AB InBev Bottling Company. 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. 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.

Coca Cola said it planned to hold all operations temporarily until they can be refranchised to other partners.

Source: http://www.nigeriatoday.ng/2016/12/coca-cola-buys-african-bottling-from-ab-inbev-for-3-15bn/

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