{"id":13650,"date":"2025-10-24T06:56:21","date_gmt":"2025-10-24T04:56:21","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/coca-cola-to-incur-1-billion-charge-for-african-bottling-stake-sale\/"},"modified":"2026-02-27T16:26:31","modified_gmt":"2026-02-27T14:26:31","slug":"coca-cola-to-incur-1-billion-charge-for-african-bottling-stake-sale","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/coca-cola-to-incur-1-billion-charge-for-african-bottling-stake-sale\/","title":{"rendered":"Coca-Cola to incur $1 billion charge for African bottling stake sale"},"content":{"rendered":"<div>Coca-Cola expects to take an impairment charge of about $1 billion during the fourth quarter of 2025 related to the sale of a part of its interest in bottling operations in Africa, the beverage maker said in regulatory filing on Thursday.<\/div>\n<div>Shares of Coca-Cola dipped about 1% in late-afternoon session.<\/div>\n<div><\/div>\n<div>On Tuesday, Swiss-based bottler Coca-Cola HBC said it had agreed to buy a 75% stake in its African counterpart for $2.6 billion.<\/div>\n<div><\/div>\n<div>Coca-Cola HBC would be acquiring United States (US)-based Coca-Cola&#8217;s nearly 42% stake in Coca-Cola Beverages Africa (CCBA) and the Gutsche Family Investments&#8217; entire stake, valuing the African bottler at $3.4 billion, according to company statements.<\/div>\n<div><\/div>\n<div>The deal is expected to close by late 2026, positioning Coca-Cola HBC as the second-largest Coca-Cola bottler globally by volume after Coca-Cola FEMSA, while significantly expanding its presence in Africa.<\/div>\n<div><\/div>\n<div>The deal helps Coca-Cola HBC in tapping into growing demand in 14 African markets, driven by younger consumers, while also helping offset rising cost pressures, including concerns over US tariffs.<\/div>\n<div><\/div>\n<div>Coca-Cola HBC plans to pursue a secondary listing on the Johannesburg Stock Exchange and holds an option to acquire Coca-Cola&#8217;s remaining 25% stake in CCBA within six years of closing.<\/div>\n<div>Georgia-based Coca-Cola reported upbeat third-quarter results on Tuesday on the back of robust demand for its zero-sugar drinks and Fairlife in the US and sodas in some international markets.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13651,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13650","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Shares of Coca-Cola dipped about 1% in late-afternoon session.","published_date":null,"news_description":"Shares of Coca-Cola dipped about 1% in late-afternoon session.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13650","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\/13650\/revisions"}],"predecessor-version":[{"id":18675,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13650\/revisions\/18675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13651"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13650"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}