Coca-Cola HBC agrees to acquire Coca-Cola Beverages Africa

Coca-Cola HBC has agreed to acquire a 75% shareholding in Coca-Cola Beverages Africa (CCBA) for US$2.6bn, valuing the African bottler at US$3.4bn. The transaction would create the world’s second-largest Coca-Cola bottling partner by volume and materially expand Coca-Cola HBC’s footprint across high-growth African beverage markets. The company targets completion by the end of 2026, subject to approvals. As part of the Coca-Cola HBC acquisition, Gutsche Family Investments (GFI) will receive new Coca-Cola H ...