Africa

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AB InBev completes $3.15bn Coca-Cola Beverages Africa transition

The world’s largest brewer, Anheuser-Busch InBev (AB InBev) on October 5, 2017 announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion after customary adjustments.

Coke moves away from AB InBev with Africa bottling deal

The Coca Cola Company recently agreed a deal to buy Anheuser-Busch InBev's 54.5% majority stake in their African bottling venture for $3.15 billion and hold onto it until it finds a new owner.

Coca-Cola to buy AB InBev stake in African subsidiary

Coca-Cola intends to buy the stake global beer giant Anheuser-Busch InBev holds in Coca-Cola Beverages Africa, the two companies announced October 11, 2016. The proposed deal follows AB InBev's mega-takeover of SABMiller to create the world's biggest beer company.

Sugar Tax Threatens Jobs, South Africa Coca-Cola Bottler Says

Plants could be closed if proposed charge is implemented
Government aims to reduce sugar consumption, tackle obesity

Coca-Cola Beverages Africa, the bottling joint venture between the U.S. soft-drink maker and brewer SABMiller Plc, may close South African plants and see profit in the country more than halve if the government pushes ahead with a proposed sugar tax.

South Africa: Minister Welcomes Coca-Cola Merger Deal

Economic Development Minister Ebrahim Patel has welcomed commitments between the Coca-Cola Beverages Africa (CCBA) merger parties - SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments, as well as the South African government.

The commitments will be recommended to the Competition Tribunal in connection with the proposed creation of Africa's largest soft drink beverage bottling operation.

SABMiller, Coke Agree with South Africa Over Bottling Merger

SABMiller and Coca-Cola have agreed with the South African government to win approval for a deal to combine their soft-drink operations.

The agreement with the South African Ministry of Economic Development includes a three-year freeze on layoffs and the companies investing 800 million rand ($54 million) to support small South African businesses.

Coca-Cola moves for Nigeria's leading dairy and juice company, Chi

A majority shareholder in Nigeria’s largest juice and dairy company, Chi Limited, Tropical General Investment (TGI) Group, on January 30, 2016 sold 40 percent of its stake to the Coca-Cola company. This deal signals Coca Cola’s plan to expand across Africa by 2020 and redouble its effort to expand beyond soda as its soda sales is low.

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