The Coca-Cola Company and Anheuser-Busch InBev Reach Agreement Regarding Coca-Cola Beverages Africa

ATLANTA – 1am EST / BRUSSELS – 7am CET, Dec. 21, 2016 – The Coca-Cola Company (NYSE: KO) and Anheuser-Busch InBev (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) have reached ane agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (“CCBA”) for 3.15 billion USD, after customary adjustments. CCBA includes the countries of South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.

In addition, the companies have reached an agreement in principle for The Coca-Cola Company to acquire AB InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.

The transactions are subject to the relevant regulatory and minority approvals and are expected to close by the end of 2017.

The Coca-Cola Company plans to hold all of these territories temporarily until they can be refranchised to other partners. The Coca-Cola Company’s intent is to account for the acquired stakes as a discontinued operation for reporting purposes.

Carlos Brito, CEO of AB InBev, said: “We are happy that we have been able to reach this agreement with The Coca-Cola Company in a timely manner and with a satisfactory outcome for all parties.”

“We are pleased to have reached an agreement quickly that is in everyone’s best interests,” said Muhtar Kent, Chairman and CEO of The Coca-Cola Company. “We will move forward with our long-term strategic plan in these imp6ortant growth markets. We are continuing negotiations with a number of parties who are highly qualified Iand interested in these bottling territories and look forward to refranchising these territories as soon as practical following regulatory approval.”

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General Counsel and Company Secretary, CCBA

Matthew joined us from the Clicks Group, a JSE Top-40 company, where he has been the Head of Legal and Company Secretary since 2016. In this role Matthew successfully navigated a highly regulated environment, including overseeing compliance with company laws and the JSE Listings Requirements. As company secretary, he managed governance at Board level as well as being the Chairman’s chief of staff. Prior to this, Matthew was a Legal Manager with Anglo American, a major multinational diversified mining group, which includes three companies listed on the JSE, with extensive operations across Southern Africa.

CCBA Zambia Hero

Zambia

Coca-Cola Beverages Zambia (CCBZ) became a subsidiary of CCBA in 2018.
CCBA Uganda Hero

Uganda

CCBA’s Ugandan subsidiary, Coca-Cola Beverages Uganda Limited (CCBU), has a 24-year track record in Uganda.
CCBA Tanzania Hero

Tanzania

Coca-Cola Kwanza is a subsidiary of CCBA covering 54% of Tanzania’s geography and employing over 700 people.
CCBA Namibia Hero

Namibia

Coca-Cola Namibia Bottling Company (CCNBC), CCBA’s subsidiary in Namibia, has a 65-year track record providing Coca-Cola brands tailored for consumer preferences, like the iconic Kashupi.
CCBA Mozambique Hero

Mozambique

With more than 25 years serving the country, Coca-Cola Sabco Mozambique (CCSM) is a subsidiary of CCBA.
CCBA Comoros Mayotte Hero

Mayotte

The islands represent CCBA’s presence in Comoros and Mayotte.

Malawi

In 2022, CCBA acquired the soft drinks division of the Castel (Southern Bottlers Limited) in Malawi through a new entity called Coca-Cola Beverages Limited (CCBL).
CCBA Where We Operate Hero

Kenya

In one of East Africa’s largest-ever private equity investments, CCBA acquired 100% shareholding in Nairobi Bottlers Limited (NBL) in October 2019.
CCBA Ethiopia Employee

Ethiopia

East Africa Bottling Share Company (EABSC), a subsidiary of CCBA, is the largest bottler of Coca-Cola products in Ethiopia, having served the country for more than 60 years.
CCBA Eswatini Hero

Eswatini

In August 2019, CCBA subsidiary, Eswatini Coca-Cola Beverages, commenced operations with a refreshed marketing and sales plan, based on Coca-Cola Beverages South Africa’s success.
CCBA Comoros Mayotte Hero

Comoros

The islands represent CCBA’s presence in Comoros and Mayotte.
CCBA South Africa Where We Operate

South Africa

CCBA’s proudly South African subsidiary, Coca-Cola Beverages South Africa (CCBSA), has 13 manufacturing plants across 6 provinces.
CCBA Botswana Hero

Botswana

Based in the capital, Gaborone, CCBA’s Botswana subsidiary, which trades as Coca-Cola Beverages Botswana (CCBB), offers improved service and accelerated innovation for both the formal and informal markets.