Coca-Cola HBC Acquires 75% Stake in Coca-Cola Beverages Africa for $2.6 Billion

"Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa for $2.6 billion from The Coca-Cola Company and Gutsche Family Investments. This acquisition will enhance Coca-Cola HBC's operations and market presence in Africa, where CCBA is the largest bottler of Coca-Cola products, serving over 600 million consumers across 14 countries. The deal reflects Coca-Cola HBC's commitment to investing in Africa's growth. Latham & Watkins is advising Coca-Cola HBC on the regulatory aspects of the transaction."

Latham & Watkins represented Coca-Cola HBC in the regulatory aspects of its acquisition of a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd. Coca-Cola HBC has entered into a definitive sale and purchase agreement to acquire CCBA for a combined purchase price of US$2.6 billion. This acquisition enhances Coca-Cola HBC's operational capabilities and market presence across Africa, where CCBA is the largest bottler of TCCC’s products, operating in 14 countries and serving over 600 million consumers. The legal team from Latham & Watkins involved in this transaction includes Antitrust & Competition partners Luca Crocco and Christos Malamataris, associates Eva Beyer Blumental and Panos Kokkinidis, and Klearchos Lazanas providing assistance.

Coca-Cola HBC Acquires 75% Stake in Coca-Cola Beverages Africa for $2.6 Billion

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