Coca-Cola to Buy 54.5% Stake in Coca-Cola Beverages Africa for $3.15 Billion
December 21 2016 - 1:48AM
Dow Jones News
By WSJ Staff
Coca-Cola Co. (KO) has agreed to buy a 54.5% stake in Coca-Cola
Beverages Africa from Anheuser-Busch InBev SA (BUD) for $3.15
billion, in a deal that is expected to close by the end of
2017.
Coca-Cola Beverages Africa includes operations in the countries
of South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia,
Mozambique, Ghana, Mayotte and Comoros.
On Wednesday, the companies said they have reached an agreement
in principle for Coca-Cola to buy AB InBev's interest in bottling
operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El
Salvador and Honduras for an undisclosed amount.
Coca-Cola said it plans to hold all of these interests
temporarily until they can be refranchized to other partners.
(END) Dow Jones Newswires
December 21, 2016 01:33 ET (06:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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