The Coca-Cola Company Exercises Call Option to Acquire Anheuser-Busch InBev’s Stake in Coca-Cola Beverages Africa
October 10 2016 - 5:24PM
Business Wire
The Coca-Cola Company today announced its intention to acquire
Anheuser-Busch InBev’s (ABI) stake in Coca-Cola Beverages Africa
(CCBA) following the closing of the ABI combination with
SABMiller.
The company has chosen to exercise its right to acquire ABI’s
stake in CCBA because it intends to implement its long-term
strategic plan in these markets with other partners. While the
company respects ABI’s capabilities, it has a number of existing
partners who are highly qualified and interested in these bottling
territories.
During the next few months the company will negotiate the terms
of the transaction with ABI according to the contractual
parameters, which will later be followed by a regulatory approval
process. The Coca-Cola Company also will continue negotiations with
potential partners, and plans to refranchise CCBA as soon as
practical following regulatory approval. The company’s intent is to
account for the acquired stake as a discontinued operation for
reporting purposes.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is the world's
largest beverage company, refreshing consumers with more than 500
sparkling and still brands and more than 3,800 beverage choices.
Led by Coca-Cola, one of the world's most valuable and recognizable
brands, our company’s portfolio features 20 billion-dollar brands,
18 of which are available in reduced-, low- or no-calorie options.
Our billion-dollar brands include Diet Coke, Coca-Cola Zero, Fanta,
Sprite, Dasani, vitaminwater, Powerade, Minute Maid, Simply, Del
Valle, Georgia and Gold Peak. Through the world's largest beverage
distribution system, we are the No. 1 provider of both sparkling
and still beverages. More than 1.9 billion servings of our
beverages are enjoyed by consumers in more than 200 countries each
day. With an enduring commitment to building sustainable
communities, our company is focused on initiatives that reduce our
environmental footprint, create a safe, inclusive work environment
for our associates, and enhance the economic development of the
communities where we operate. Together with our bottling partners,
we rank among the world's top 10 private employers with more than
700,000 system associates. For more information,
visit Coca-Cola Journey at www.coca-colacompany.com,
follow us on Twitter at twitter.com/CocaColaCo, visit our
blog, Coca-Cola Unbottled, at www.coca-colablog.com or
find us on LinkedIn
at www.linkedin.com/company/the-coca-cola-company.
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version on businesswire.com: http://www.businesswire.com/news/home/20161010006166/en/
The Coca-Cola CompanyInvestors and AnalystsTim Leveridge,
+1-404-676-7563orMediaPetro Kacur, +1-404-676-2683
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