Coca-Cola HBC to Acquire Coca-Cola Beverages Africa
Coca-Cola HBC is set to acquire Coca-Cola Beverages Africa in a $3.4 billion deal.
This acquisition will make Coca-Cola HBC the leading Coca-Cola bottler in Africa, representing two-thirds of the continent's Coca-Cola system volume.
- The bottler has a diverse footprint across Europe, Nigeria, and Egypt.
- After the acquisition, it will represent two-thirds of Africa’s total Coca-Cola system volume and more than 50% of the continent’s population.
These offer ‘increased exposure to high growth markets’: with growing populations and economies (more than 60% of the population in Coca-Cola Beverages Africa are aged under 30).
Coca-Cola HBC will acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd from The Coca-Cola Company and Gutsche Family Investments Pty Ltd for a combined purchase price of $2 billion.
Author's summary: Coca-Cola HBC acquires Coca-Cola Beverages Africa for $3.4 billion.