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Tag: Coca-Cola
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.
U.S. Chamber Challenges $100,000 H-1B Visa Fee in Lawsuit, Citing Business Harm
** The U.S. Chamber of Commerce has filed a lawsuit against the Trump administration over a planned $100,000 fee for H-1B visas, arguing it will harm American businesses. This legal action coincides with a new report indicating that only 40% of U.S. workers hold what are classified as “quality jobs,” adding to concerns about the labor market’s health. **CONTENT:**