Tag Archives: Coca-Cola HBC AG

Coca-Cola Icecek weighs vying for SABMiller’s stake in Coca-Cola Beverages Africa

Coca-Cola Icecek (CCI), the fifth largest bottler of Coca-Cola products in the world has expressed interest in acquiring SABMiller’s stake in Coca-Cola Beverages Africa (CCBA).

In a statement released by the company on Monday, it said: “Coca-Cola Icecek A.S. (CCI) has decided to engage with investment banks to evaluate any potential alternatives in relation to The Coca-Cola Company (“TCCC”) announced intention to sell this stake to strategic partner. Any further developments on this will be separately announced going forward.

Coca-Cola HBC open to further acquisition of juice, water brands or new territories – CEO

Coca-Cola HBC said on Thursday it was open to further acquisitions of juice, water brands or new territories, Dimitris Lois, Coca-Cola HBC CEO said following its Q3 update.

CCHBC, which bottles Coca-Cola products in 28 mostly European countries and Nigeria, said it was focused on driving a recovery in some markets that are struggling.

As this happens, we will become more active in M&A,” Lois said, noting that the company would be interested in adding water and juice brands to its business in existing markets.

Coca-Cola HBC revenue dips 2% in Q3; company remains confident in meeting full year target

Coca-Cola HBC AG reported its third quarter results on Thursday, with net sales revenue falling 1.9% to €1.74bn ($1.92bn), down from €1.77bn in the prior year. Total volumes declined 1% to 571.6m cases versus 577m cases in the previous year quarter.

Coca-Cola Beverages Africa to have new partner by 2018, says Coke

Atlanta-based Coca-Cola said it hopes to have a new bottling partner to replace SABMiller in Coca-Cola Beverages Africa (CCBA) by 2018.

Coke announced last week that it would exercise its change-of-ownership rights to acquire SABMiller’s 57% stake in CCBA from AB InBev and find new suitable partners. The soft drinks giant said it expects about four months of negotiation with AB InBev before acquiring SABMiller’s stake and another 12 months to obtain regulatory approval from the South African authorities.

Coke may split SABMiller’s stake in CCBA among several bottlers, says analysts

Atlanta-based Coca-Cola Company may split SABMiller’s 57% stake in Coca-Cola Beverages Africa (CCBA) among more than one franchise partner, according to analysts.

In a statement released by Coke after announcing its plan to buy-back SABMiller’s stake in CCBA, the company said, it would negotiate with “potential partners” to refranchise CCBA.

Coca-Cola HBC wins Dow Jones Sustainability Indices (DJSI) Leader of the Beverage Industry

Coca-Cola HBC, a leading bottler of Coca-Cola products in 28 countries including Nigeria has been named the Sustainability leader of the beverage industry by the Dow Jones Sustainability Indices (DJSI) assessment published on 8 September 2016.

NBC appoints George Polymenakos as new Managing Director

Nigerian Bottling Company (NBC), bottlers of the famed Coca-Cola brand in Nigeria has announced the appointment of George Polymenakos as its new Managing Director, with effect from July 2016. Mr. Polymenkos takes over from Ben Langat, who joined NBC as Chief Finance Officer in 2009, and later to be appointed as Managing Director in 2012. Until recently, George Polymenakos was Regional General Manager for Coca-Cola Hellenic Bottling Company (CCHBC) for Moscow, Russia.

Coca-Cola HBC optimistic on full year after half-year profit rises

Coca-Cola HBC on Thursday reported a 3.4% revenue decline for the first-half of 2016 to €3.04bn ($3.4bn) down from €3.2bn recorded in the first-half of 2015. The company blamed adverse currency conditions for the drop. On a neutral currency basis, revenue would have risen 2.4%.

JPMorgan ups potential of Coca-Cola HBC making a bid for newly formed African bottling group

Coca-Cola HBC has the potential to make a major acquisition, according to JPMorgan broker, Casenove. In a note examining the recent re-alignment in Coca-Cola bottling operations worldwide, Casenove noted the strategic value of Coca-Cola Beverages Africa (CCBA), which is widely speculated to be a possible takeover target of Coca-Cola HBC.

NBC Appoints Sade Morgan as Director, Legal, Public Affairs

Nigerian Bottling Company (NBC) Limited has announced the appointment of Mrs. Sade Morgan as Director, Legal, Public Affairs and Communications. Mrs. Sade Morgan took over the mantle of leadership of the newly merged Legal, Public Affairs and Communications department of the leading non-alcoholic bottling giant, with effect from February 2016.