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


(END) Dow Jones Newswires

April 19, 2021 07:33 ET (11:33 GMT)

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