The Coca-Cola Company and Gutsche Family Investments Agree to Sell Controlling Interest in Coca-Cola Beverages Africa to Coca-Cola HBC AG

Core Insights - The Coca-Cola Company and Gutsche Family Investments have agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa Pty. Ltd. to Coca-Cola HBC AG [1] - Coca-Cola Beverages Africa (CCBA) is the largest Coca-Cola bottler in Africa, operating in 14 countries and accounting for approximately 40% of all Coca-Cola product volume sold across the continent [1] - Coca-Cola HBC AG is one of the largest Coca-Cola bottlers globally, with extensive operations [1]