Coca-Cola HBC to Acquire 75% Stake in Coca-Cola Beverages Africa for $2.6 Billion
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Coca-Cola HBC is set to acquire a 75% stake in Coca-Cola Beverages Africa for $2.6 billion, valuing CCBA at $3.4 billion. The deal includes purchasing a 41.52% stake from The Coca-Cola Company and a 33.48% stake from Gutsche Family Investments. The acquisition aims to enhance Coca-Cola HBC's presence in 14 African countries and is expected to be completed by the end of 2026, pending approvals. A secondary listing on the Johannesburg Stock Exchange is also planned.
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