Coca-Cola Company has agreed to purchase Belgium-based Anheuser-Busch InBev’s (AB InBev) 54.5% share in Coca-Cola Beverages Africa (CCBA) for $3.15bn.

CCBA currently has operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.

“We will move forward with our long-term strategic plan in these important growth markets."

As part of the deal, Coca-Cola will continue to own CCBA until it can be refranchised to other partners.

Coca-Cola further aims to account for the acquired stakes as a discontinued operation for reporting purposes.

Subject to relevant regulatory and minority approvals, the acquisition is scheduled to be completed by the end of next year.

Coca-Cola Company chairman and CEO Muhtar Kent said: “We will move forward with our long-term strategic plan in these important growth markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are continuing negotiations with a number of parties who are highly qualified and interested in these bottling territories and look forward to refranchising these territories as soon as practical following regulatory approval.”

The company currently provides more than 500 sparkling and still brands, as well as more than 3,800 drinks.

Image: Coca-Cola Company currently provides more than 500 sparkling and still brands. Photo: courtesy of The Coca-Cola Company.