Coca-Cola’s purchase
Print Edition
COCA-COLA has agreed to pay US$3.15 billion to AB InBev for control of Africa’s biggest soft drinks bottling company, both companies said yesterday.
On merging with SABMiller in September, AB InBev found itself with 54.5 percent in Coca-Cola Beverages Africa, and Coca-Cola said in October that it would exercise its preemptive rights on the stake. CCBA runs operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros. Coca-Cola said it also agreed to buy AB InBev’s bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.
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