We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Coca Cola Company | NYSE:KO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.11 | -0.18% | 61.63 | 61.93 | 61.35 | 61.55 | 10,994,224 | 00:22:27 |
From Apr 2019 to Apr 2024
By Razak Babah Musah
LONDON-- The Coca-Cola Company and SABMiller PLC have struck a new multimillion-dollar brand and bottling deal as the companies, two of the world's biggest drinks makers, eye a bigger share of the Africa beverage market.
Coca-Cola is buying SABMiller's Appletiser soft-drink brand and the rights to a further 19 non-alcholic ready-to-drink brands in Africa and Latin America for around $260 million.
The U.S. drinks group and SABMiller, the world's number 2 brewer by volumes, are also combining the bottling operations of their nonalcoholic drinks businesses in Southern and East Africa in a new company.
Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for 40% of all Coca-Cola beverage volumes in Africa, the companies said on Thursday.
On completion of the proposed merger, Coca-Cola will hold 11.3%. of the new company, SABMiller will hold a 57% shareholding, while Gutsche Family Investments, currently the major shareholder in South Africa-based bottler Coca-Cola Sabco, will have a 31.7% stake.
"A combined Coca-Cola bottling operation is further evidence of our commitment to Africa, and our firm belief in the tremendous growth prospects that the continent offers," said Muhtar Kent, Chairman and CEO of The Coca-Cola Company.
Phil Gutsche will be Chairman of Coca-Cola Beverages Africa and Port Elizabeth, South Africa is the intended location for the company's headquarters.
SABMiller will retain ownership of its nonalcoholic malt beverages in Africa and Latin America and will retain its Coca-Cola franchises in El Salvador and Honduras.
Access Investor Kit for SABMiller Plc
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=GB0004835483
Access Investor Kit for The Coca-Cola Co.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US1912161007
Access Investor Kit for SABMiller Plc
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US78572M1053
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Coca Cola Chart |
1 Month Coca Cola Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
