Tag Archives: The Coca-Cola Company

AB InBev to sell stake in Zambia’s National Breweries to Zimbabwe’s Delta Corp

Delta Corporation, Zimbabwe’s largest brewer and a unit of AB InBev said on Thursday that it has reached an agreement to acquire a controlling interest in National Breweries of Zambia.

In a released statement, Delta said that equity is being acquired from Heinrich’s Syndicate, also a subsidiary of AB InBev.

“The equity is being acquired from Heinrich’s Syndicate, a subsidiary of AB InBev. The transaction is subject to various regulatory approvals. The impact of this transaction is currently being determined but is not material for Delta,” said Alex Makamure, Delta’s Company Secretary.

Coca-Cola to unveil ‘Safe Birth Initiative’ for Ivory Coast and Nigeria

Soft drinks giant Coca-Cola  on Thursday announced the launch of “The Safe Birth Initiative” a new programme to aid the Health Ministries of Ivory Coast and Nigeria tackle high maternal and infant mortalities.

The pledge was made by the company’s Group President for Europe, Middle East & Africa (EMEA), Brian Smith while paying a courtesy visit to the President of Ivory Coast, His Excellency Alassane Ouattara.

AB InBev completes divestment of interest in Coca-Cola Beverages Africa

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.

Coca-Cola Nigeria to spend $600 million on new products by 2020

Coca-Cola Nigeria Limited said it plans to invest $600 million by 2020 to boost sales, as part of the parent company’s global strategy to offer more consumer likeable products that goes beyond its carbonated soft drinks.

The Nigerian subsidiary of the Atlanta-based soft drinks maker said it wants to expand its product offerings to include flavoured and condensed milk, ice tea and bottled water to meet demand, said Peter Njonjo, the President of Coca-Cola West Africa, in an interview with Bloomberg Business in Lagos.

Singapore caps sugar levels in beverages

Big soft drinks companies have agreed to limit the sugar content of their drinks sold in Singapore to 12% by 2020 as part of the country’s effort to fight diabetes.

Coca-Cola, PepsiCo, Singapore-based Fraser & Neave and Yeo Hiap Seng, Malaysia Dairy Industries, Nestle and Japan’s Pokka have all agreed to limit the amount of sugar they use in beverages sold in the City-State, according to the country’s ministry of health.

Coca-Cola seeks sweetener innovations from scientific community, public

Atlanta-based Coca-Cola Company, said it wants to reach out to the scientific community to find a “naturally sourced, safe, low- or no-calorie compound that creates the taste sensation of sugar when used in beverages and foods.” The grand prize is $1 million.

The other is the “sweet story challenge” that invites people around the world to “submit written anecdotes and videos about their favorite, tried-and-true methods of naturally sweetening foods or beverages in their cultures, communities or families.” Up to five individual or team winners will vie for $100,000 in total prize money.

Coca-Cola half-year revenue, profit fall on refranchising costs, currency headwinds

Coca-Cola on Wednesday reported a 16% drop in revenue for the second quarter of 2017, to $9.7bn, and a half-year sales decline of 14% to $18.8bn.

The Atlanta-based company blamed the drop on refranchising costs of its North American bottling operations and currency headwinds. The company said that it took a charge of $653m related to its North American bottling operations.

However, despite the drawbacks, analysts hailed the results noting that it was higher than expected. The company’s new CEO James Quincey said that the results were in line with their expectations of turning the company into a total beverage firm.

Big Beer, Wine and Soft Drinks Firms Vie for Majority Stake in CCBA

Big multinational beer, wine and soft drinks firms are competing for the 57% majority stake in Coca-Cola Beverages Africa (CCBA).

First reported by Reuters and Bloomberg in April, Heineken, Coca-Cola Hellenic and Castel Group are among companies that have bid for a majority stake in CCBA, according to people familiar with the matter.

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.

Coca-Cola ‘No Sugar’ set to make its debut

The Coca-Cola Company (TCCC) is set to unveil “Coca-Cola No Sugar”, its newest creation this week in Australia. The beverage giant chose Australia because its local franchise, Coca-Cola Amatil has been experiencing declining sales as more Australians opt for less sugar in their drinks due to health concerns.

The soft drinks giant said that “No Sugar” or “Zero Sugar” as it is called in some markets due to local labeling requirements, was the result of five years of development and 15 consumer trials to get the taste of a non-sugar drink as close as possible to the original coke.