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.”

Related Media Releases

Coca-Cola Beverages South Africa Receives Prestigious Awards at Inaugural Worker Share Ownership Conference

Coca-Cola Beverages South Africa (CCBSA) received high recognition at the inaugural Worker Share Ownership Conference, organised by The Department of Trade Industry and Competition (dtic).

Launch of cutting-edge recycling facility in Namibia 

A N$24 million (over US$1.2million) investment through a partnership between Coca-Cola Beverages Africa (CCBA) in Namibia and Plastic Packaging has culminated in the opening of a new polyethylene terephthalate (PET) flaking plant in Okahandja which will double the capacity of the only mechanical recycler of plastic waste in the country. 

Food vendors of Zanzibar ready to shine

A group of more than 2,600 women in Unguja and Pemba have graduated from an economic inclusion programme, called Mwanamke Shujaa, supported by Coca-Cola Kwanza.