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KO Coca Cola Company

61.63
-0.11 (-0.18%)
27 Apr 2024 - Closed
Delayed by 15 minutes
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 10,994,264 01:00:00

Coca-Cola To Pay $3.15 Billion for AB InBev Africa Business Stake

21/12/2016 7:14am

Dow Jones News


Coca Cola (NYSE:KO)
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By WSJ Staff 

Coca-Cola Co. has agreed to buy a 54.5% stake in Coca-Cola Beverages Africa from Anheuser-Busch InBev SA for $3.15 billion, in a deal that is expected to close by the end of 2017.

Coca-Cola Beverages Africa includes operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.

On Wednesday, the companies said they had reached an agreement in principle for Coca-Cola to buy AB InBev's interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.

Coca-Cola said it plans to hold all of these interests temporarily until they can be refranchized to other partners.

 

(END) Dow Jones Newswires

December 21, 2016 01:59 ET (06:59 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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