Corporate

The Coca-Cola Beverages Africa Merger Parties and the South African Government Reach Agreement on Public Interest Conditions for Merger

A comprehensive set of commitments have been agreed between the Coca-Cola Beverages Africa (CCBA) merger parties – SABMiller plc, The Coca-Cola Company and Gutsche Family Investments – and the South African Government, that will be recommended to the Competition Tribunal in connection with the proposed creation of Africa’s largest soft-drink beverage bottling operation.

The Coca-Cola Company, SABMiller and Coca-Cola SABCO to form Coca-Cola Beverages Africa

The Coca-Cola Company (NYSE:KO), SABMiller plc (LSE:SAB, JSE:SABJ) and Gutsche Family Investments (GFI, majority shareholders in Coca-Cola Sabco) have agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in Southern and East Africa. The new bottler, Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 per cent of all Coca-Cola beverage volumes in Africa.