Category: Manufacturing

BusinessEnergyManufacturing

Woodside Energy Boosts Annual Production Outlook Despite Quarterly Revenue Decline

Australia’s leading independent energy producer Woodside Energy has increased its full-year production guidance despite reporting lower third-quarter revenue. The company cited exceptional performance at key projects including Sangomar and Pluto LNG facilities as driving the optimistic output forecast.

Production Forecast Revised Upward

Woodside Energy Group Ltd, Australia’s largest independent energy company, has reportedly raised its production forecast for fiscal year 2025, according to recent financial disclosures. Sources indicate the company now expects to produce between 192 million and 197 million barrels of oil equivalent (mmboe), representing an increase from its previous guidance range of 188 to 195 mmboe.

by Owen Holt
AcquisitionsBusinessManufacturing

Coca-Cola Hellenic Acquires Majority Stake in African Bottler to Form Distribution Powerhouse

Coca-Cola Hellenic Bottling Company has acquired a controlling 75% stake in Coca-Cola Beverages Africa, forming the second-largest bottler in Coca-Cola’s global distribution network. The $3.4 billion transaction represents a major consolidation in the African beverage market. The new entity will maintain primary listing in London with secondary trading in Johannesburg.

Major Bottling Consolidation Creates African Beverage Giant

Coca-Cola Hellenic Bottling Company (CCH) has reportedly acquired a 75% stake in Coca-Cola Beverages Africa (CCBA) in a landmark $3.4 billion deal that sources indicate will create the second-largest bottler within Coca-Cola’s global distribution system. According to reports, the transaction involves CCH purchasing 41.5% of CCBA from The Coca-Cola Company and 33.5% from Gutsche Family Investments for a total consideration of $2.6 billion.

by Owen Holt