Swiss-based bottler Coca-Cola HBC has agreed to buy a 75% stake in its African counterpart for a total of $2.6 billion, the firm said this Tuesday, creating the world’s second-largest Coca-Cola bottling partner by volume.<\/p>\n
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Coca-Cola HBC will acquire United States based Coca-Cola’s around 42% stake in Coca-Cola Beverages Africa (CCBA) and the Gutsche Family Investments’ entire stake in a deal it said in a statement values the African bottler at $3.4 billion.<\/p>\n
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The transaction puts the combined group second behind Coca-Cola FEMSA in terms of Coca-Cola bottling volumes and expands Coca-Cola HBC’s footprint in Africa to tap into growing demand led by younger consumers in 14 new markets.<\/p>\n
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COCA-COLA HBC HAS OPTION TO BUY REMAINING 25%<\/p>\n
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Coca-Cola HBC, which is already listed in London and Athens, also intends to pursue a secondary listing on the Johannesburg Stock Exchange and said it would cancel its share buyback programme with immediate effect.<\/p>\n
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“Coca-Cola HBC is a strong and valued bottler that will help usher in the next chapter of growth for CCBA,” said Coca-Cola Chief Operating Officer Henrique Braun. Atlanta-based Coca-Cola owns about 23% of Coca-Cola HBC.<\/p>\n
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Founded in 2014, CCBA accounts for about 40% of all Coca-Cola volume sold in Africa, including drinks such as Fanta, Sprite and Monster.<\/p>\n
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Under the deal, Coca-Cola HBC said it has an option to buy Coca-Cola’s remaining 25% stake in CCBA within six years.<\/p>\n
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Coca-Cola HBC’s shares were down 4.2% at 3390 pence at 0710 GMT, leading losses on the broader FTSE 100 index.<\/p>\n
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Separately, on Tuesday, the company reported a 5% rise in third-quarter organic revenue, sharply lower than its 13.9% growth a year earlier, as consumer sentiment remained subdued.<\/p>\n
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However, the bottler said it still expects organic revenue growth at the top end of its 6% to 8% range in 2025, as it raises prices.<\/p>\n
<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":13138,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13137","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Swiss-based bottler Coca-Cola HBC has agreed to buy a 75% stake in its African counterpart for a total of $2.6 billion||Swiss-based bottler Coca-Cola HBC has agreed to buy a 75% stake in its African counterpart for a total of $2.6 billion","published_date":"2025-10-21 10:55:42||2025-10-21 10:55:42","news_description":"Swiss-based bottler Coca-Cola HBC has agreed to buy a 75% stake in its African counterpart for a total of $2.6 billion||Swiss-based bottler Coca-Cola HBC has agreed to buy a 75% stake in its African counterpart for a total of $2.6 billion","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13137\/revisions"}],"predecessor-version":[{"id":18400,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13137\/revisions\/18400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13138"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13137"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}