Coca-Cola HBC to Acquire 75% Stake in CCBA for $2.6 Billion
Coca-Cola HBC has agreed to purchase a 75% stake in Coca-Cola Beverages Africa (CCBA) for $2.6 billion, with plans to acquire the remaining 25% later. The deal, subject to regulatory approval, will make CCBA the second-largest Coca-Cola bottling partner globally.
CCBA currently serves 14 African markets and approximately 450 million consumers. The acquisition aligns with Coca-Cola HBC's strategy to expand in Africa and unlock growth opportunities.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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