Tag Archives: Equatorial Coca-Cola Bottling Company

Coca-Cola acquires AB InBev’s stake in CCBA

Soft drinks giant Coca-Cola announced on Wednesday it has agreed to buy SABMiller’s 54.5% stake in Coca-Cola Beverages Africa (CCBA) from AB InBev for $3.15bn.

Coca-Cola and AB InBev said in a joint statement that they had agreed to the transfer of AB InBev’s 54.5% stake in CCBA to The Coca-Cola Company (TCCC). The stake was formerly owned by SABMiller before the mega beer acquisition that saw SAB merge with AB InBev.

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.

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 HBC open to further acquisitions in Africa, says Chief Executive, Dimitris Lois

Coca-Cola HBC, the bottler of Coca-Cola products in Nigeria, said on Friday it was open to further acquisitions in Africa if the right opportunity became available, its chief executive, Dimitris Lois said.

Coca-Cola bottler, Equatorial weigh merger in Nigeria, others

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.