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.

PolicyTrade

Diplomatic Tensions Escalate as China Confronts UK Over Embassy Approval Delays

Beijing has issued a stern warning to the United Kingdom regarding repeated delays in approving China’s proposed mega-embassy in London. The diplomatic dispute centers on conflicting claims about commitments and security concerns surrounding the controversial project.

Diplomatic Standoff Intensifies Over Embassy Project

China has reportedly issued a formal warning to the United Kingdom about potential “consequences” as tensions escalate over repeatedly delayed approval for Beijing’s proposed mega-embassy in London. According to reports, the UK government has pushed back its decision on the controversial site for the second time, with the new deadline set for December 10.