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Benzinga
Benzinga
Business
Lekha Gupta

Why Coca-Cola Just Sold Most Of Its Africa Bottling Empire

Cola CocaCola Africa CocaCola HBC KO
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On Tuesday, Coca-Cola Company (NYSE:KO) and Gutsche Family Investments disclosed a deal to sell a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) to Coca-Cola HBC AG for around $3.4 billion.

Under the deal, The Coca-Cola Company will sell 41.52% of its 66.52% ownership in CCBA, while Coca-Cola HBC will also purchase the 33.48% stake held by Gutsche Family Investments.

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