Coca-Cola Plans IPO for Coca-Cola Beverages Africa
By Colin Kellaher
Coca-Cola Co. Monday said it plans to sell part of its Coca-Cola
Beverages Africa unit via an initial public offering.
The Atlanta beverage giant said it plans to conduct the IPO
within the next 18 months, subject to a number of factors,
including macroeconomic conditions.
Coca-Cola Beverages Africa, or CCBA, is Africa's largest
Coca-Cola bottler. Coca-Cola said the move will allow South
Africa-based CCBA to operate as an independent, Africa-focused
managed and domiciled business.
The company plans to list the unit's shares in Amsterdam and
Johannesburg, with Amsterdam being the primary exchange.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
April 19, 2021 07:33 ET (11:33 GMT)
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