Africa: Coca-Cola Hbc to Acquire 75 Percent Stake in Africa Unit for $2.6b

• Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company and Gutsche Family Investments for $2.6 billion
• The transaction, announced on October, ranks among the largest in the history of the Coca-Cola system
• CCBA operates in 14 African markets including South Africa, Kenya, Ethiopia, Uganda, and Mozambique, and represents nearly 40% of Coca-Cola’s volumes sold across the continent

Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola…