Coca-Cola Ends Plans to Refranchise Africa Bottler

Date : 05/20/2019 @ 12:42PM
Source : Dow Jones News
Stock : Coca-Cola Company (The) (KO)
Quote : 51.39  -0.64 (-1.23%) @ 12:59AM

Coca-Cola Ends Plans to Refranchise Africa Bottler

Coca Cola (NYSE:KO)
Historical Stock Chart

2 Months : From May 2019 to Jul 2019

Click Here for more Coca Cola Charts.

By Colin Kellaher


Coca-Cola Co. (KO) on Monday said it has ended plans to refranchise Coca-Cola Beverages Africa, opting instead to keep its majority stake in the bottler for the foreseeable future.

The Atlanta beverages giant said it held talks with a number of potential partners for CCBA, the largest bottler of Coca-Cola beverages in Africa, but that it ultimately decided that it was "in the best interests of all involved for Coca-Cola to continue to hold and operate CCBA."

Coca-Cola, which has accounted for CCBA as a discontinued operation since it became the controlling shareowner in October 2017, said it will reclassifying the bottler's results into continuing operations in the second quarter.

The company said the reclassification won't affect its full-year organic revenue and adjusted EPS growth guidance.

Coca-Cola said the while it remains committed to the refranchising process, it sees "great opportunities to create even more value" with CCBA, which serves 12 countries in Africa.


Write to Colin Kellaher at


(END) Dow Jones Newswires

May 20, 2019 07:27 ET (11:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest KO Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.