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.
Equatorial Coca-Cola Bottling Company is considering merging with other independent Coca-Cola bottlers in African countries, according to people with knowledge of the matter. It would mark the latest consolidation of the companies that bottle the famed soda brand.
Equatorial Coca-Cola, which is owned by Spain’s Cobega Invest SL, will consider merging with bottlers in African countries where it doesn’t currently operate, to expand its footprint on the continent, said people who are privy to ongoing discussions.
