Coca-Cola Co. to acquire Anheuser-Busch InBev's Stake in Coca-Cola Beverages Africa

Coke says it has a number of existing partners who are highly qualified and interested in these bottling territories.

The Coca-Cola Company has announced that it plans 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 says it 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.

KEYWORDS: food and beverage companies

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Crystal Lindell has more than 10 years of journalism experience, and worked primarily at daily newspapers before joining BNP Media 2010. Before joining Food Engineering as the Managing Editor, she was the managing editor of a sister publication, Candy Industry Magazine, where she learned first-hand the joys of eating chocolate for breakfast. Lindell holds a master’s degree in public affairs reporting from the University of Illinois – Springfield and a bachelor’s degree in political science from Western Illinois University.