The Coca-Cola Company and Gutsche Family Investments have agreed to sell a controlling 75 percent stake in Coca-Cola Beverages Africa (CCBA) to Coca-Cola Hellenic Bottling Company AG (Coca-Cola HBC) in a transaction valued at US$2.6 billion. The transaction values Coca-Cola Beverages Africa at an equity value of US$3.4 billion, establishing Coca-Cola HBC as the controlling shareholder in Africa’s largest Coca-Cola bottler and one of the most important strategic acquisitions in the company’s history. Under the terms of the agreement, Coca-Cola HBC will acquire 41.52 percent of CCBA from The Coca-Cola Company, which currently holds 66.52 percent, and the remaining 33.48…
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