SABMiller, Coca-Cola Reaches Pact to Address Bottling Merger Concerns
May 04 2016 - 3:49AM
Dow Jones News
LONDON--SABMiller PLC (SAB.LN), Coca-Cola Co. (KO) and Coca-Cola
Sabco have reached an agreement with the South African government
to address public interest concerns over the proposed merger of
their bottling operations in Africa.
In November 2014, Coca-Cola, SABMiller and Coca-Cola Sabco, the
African bottler of Coca-Cola Sabco, agreed to combine the bottling
operations of their non-alcoholic ready-to-drink beverages
businesses in southern and east Africa.
SABMiller said Wednesday that the merger parties have agreed a
comprehensive set of commitments with the South African government
to address concerns arising due to the merger. The concerns relate
to employment, competition, localization of production and inputs
used in the production of Coca-Cola products, economic empowerment
and location of headquarters.
The commitments are expected to be recommended to the
competition tribunal in connection with the bottling operation
merger, SABMiller said.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
May 04, 2016 03:34 ET (07:34 GMT)
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