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.