Tag Archives: Coca-Cola SABCO

Coca-Cola reaches agreement with South Africa over CCBA

Coca-Cola said on Thursday that it had reached an agreement with the South African government on a package of conditions addressing public interest considerations in connection with the proposed acquisition of AB InBev’s 54.5% stake in Coca-Cola Beverages Africa (CCBA).

The soft drinks giant reaffirmed its commitment to honour all merger conditions agreed with South African regulators when CCBA opened for business in 2016. Coke also agreed to ensure that the majority shareholder of CCBA will honour all merger conditions agreed at the creation of the company.

Coke to buy SABMiller’s stake in Coca-Cola Beverages Africa

Atlanta-based Coca-Cola Company said on Monday it would buy SABMiller’s stake in Coca-Cola Beverages Africa (CCBA), the newly formed South African-based bottling group with footprints in over a dozen African countries including Nigeria.

Coca-Cola which holds 11.3% stake in CCBA, with Coca-Cola SABCO and SABMiller each holding 31.7% and 57% ownership respectively said it would exercise its change-of control-clause (right-to-buy) to SABMiller’s stake which automatically would have gone to AB InBev, the acquirer of SABMiller after the merger deal closed.

South African Coke bottler may backtrack on merger pledge if government goes ahead with sugar-tax plan

Coca-Cola Beverages Africa (CCBA), the South African group bottler of Coca-Cola products, said on Thursday it may not fulfill its commitment to invest R800 million rand ($54m) in enterprise development if the government goes ahead with its plans for a 20% tax on sugar-sweetened beverages (SSB).

CCBA , which was created out of a merger of SABMiller’s soft drinks business, the Coca-Cola company’s South African operations and Coca-Cola SABCO warned that the proposed tax would make it difficult for the group to meet its merger obligations as it would cause financial strain in an industry where fixed costs were already high.

Sugar tax threatens thousands of jobs, says South African beverage industry

South African beverage industry has come out to oppose the proposed sugar-tax on sweetened beverages in the country, which the government announced earlier in the year and that is expected to come into effect on April 1, 2017. The group said the tax will lead to thousands of industry-wide job loss if implemented.

Is Nigeria getting a second Coca-Cola bottler?

These are interesting times in the beverage industry. It was the Greek philosopher, Heraclitus, who said that “change is the only constant in life.” The global beverage industry is moving fast to adapt to changing consumer taste and preferences.

For anyone who has been paying attention to global events in the beverage industry, it is hard to miss the changes taking place in the soft drinks and beer industry. However, this article will focus on the changes taking place in the soft drinks industry as it relates to Nigeria and Africa, with particular emphasis on Coca-Cola.

Coca-Cola Beverages Africa opens for business

Coca-Cola Beverages Africa, a joint-venture of SABMiller’s non-alcoholic beverage business with those of The Coca-Cola Company and Gutsche Family Investments (owners of Coca-Cola SABCO) officially opened for business on Saturday.

Coca-Cola SABCO opens new plant in Mozambique

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Coca-Cola SABCO, one of the partners of the newly formed Coca Cola Beverages Africa has unveiled a new $130m bottling plant in Matola Gare, Mozambique.

Speaking at the official event to unveil the new facility, Coca-Cola Chairman and CEO Muhtar Kent noted that Coke has been investing in Africa for almost 90 years and is present in every African country with more than 70,000 employees and 145 bottling plants.

South African regulator gives its conditional approval to SABMiller, Coca-Cola deal

South Africa’s Competition Tribunal, said on Tuesday it has given its nod to the merger of SABMiller’s South African soft drinks business with Coca-Cola’s South African operation and that of Coca-Cola SABCO to create what would be known as Coca-Cola Beverages Africa, the continents biggest coke bottler with 40% of all Coke’s volumes sold in Africa.

SABMiller, Coca-Cola agree concessions with South African regulators

SABMiller and its soft drinks partners, Coca-Cola Company and Coca-Cola SABCO, a Southern African bottler of Coke products have given in to concessions with the South African Competition Commission, which would pave way to the formation of Coca-Cola Beverages Africa, the largest Coca-Cola bottler in Africa that would control 40% of all Coke volumes sold on the continent and have annual sales of $2.9bn.

AB InBev, SABMiller merger likely to face long delays in South Africa

The merger of the world’s two largest beer companies, the Belgian-based AB InBev and South Africa’s SABMiller could face significant delays in South Africa because of the country’s lengthy process of granting approvals.