The deal, which includes Coca-Cola HBC shares issued to GFI, also provides an option for full ownership of the remaining 25% held by TCCC.<\/p>\n
The acquisition marks a significant milestone for Coca-Cola HBC, expanding its footprint across Africa. CCBA operates in 14 African markets in addition to Coca-Cola HBC\u2019s existing operations in Nigeria and Egypt.<\/p>\n
The combined group is projected to represent two-thirds of Africa\u2019s total Coca-Cola system volume and cover more than 50% of the continent\u2019s population.<\/p>\n
Anastassis G. David, Chairperson of Coca-Cola HBC, said the move builds on decades of investment across Africa and is expected to accelerate growth and value creation for stakeholders.<\/p>\n
<\/p>\n
Chief Executive Zoran Bogdanovic highlighted CCBA\u2019s strong track record in non-alcoholic ready-to-drink beverages and the opportunity to leverage Coca-Cola HBC\u2019s expertise in emerging markets.<\/p>\n
<\/p>\n
Henrique Braun, Executive Vice President of TCCC, praised Coca-Cola HBC\u2019s role in driving growth across Africa, while Philipp H. Gutsche of GFI expressed confidence in Coca-Cola HBC as the right partner to take CCBA forward.<\/p>\n
<\/p>\n
The strategic rationale behind the acquisition includes diversifying Coca-Cola HBC\u2019s geographic footprint, capturing high-growth demographics, and further strengthening the long-term partnership with The Coca-Cola Company. The combined business is expected to deliver pro forma 2024 volumes of 4 billion unit cases, revenues of $16.37 billion, and earnings before interest and taxes of $1.63 billion.<\/p>\n
<\/p>\n
Financially, the acquisition is expected to be low-single-digit EPS accretive in the first full year, with leverage anticipated to remain within Coca-Cola HBC\u2019s medium-term target range and no expected impact on its credit rating. The company has also confirmed the immediate cancellation of its share buyback programme.<\/p>\n
<\/p>\n
With this acquisition, Coca-Cola HBC positions itself as a leading beverage partner across Africa, capitalising on the continent\u2019s growing consumer markets and reinforcing its commitment to sustainable growth and community impact.<\/p>\n
<\/p>\n
–ChannelAfrica–<\/p>\n","protected":false},"featured_media":13193,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13192","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Coca-Cola HBC AG has announced the acquisition of a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total of $2.6 billion, valuing CCBA at $3.4 billion. ||Coca-Cola HBC AG has announced the acquisition of a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total of $2.6 billion, valuing CCBA at $3.4 billion. ","published_date":null,"news_description":"Coca-Cola HBC AG has announced the acquisition of a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total of $2.6 billion, valuing CCBA at $3.4 billion. ||Coca-Cola HBC AG has announced the acquisition of a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total of $2.6 billion, valuing CCBA at $3.4 billion. ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13192","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\/13192\/revisions"}],"predecessor-version":[{"id":18428,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13192\/revisions\/18428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13193"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13192"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}