Drinks company Anheuser-Busch InBev has announced that it completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA).
In December, it was announced that the Coca-Cola Company had entered into a deal to buy AB InBev's stake in CCBA for $3.15 billion.
In addition, the companies are working towards finalising an agreement for Coca-Cola to buy AB InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras.
Following the completion of the deal, Coca-Cola's African unit will remain subject to agreements reached with the South African government and the South African Competition Authorities.
CCBA is the largest Coca-Cola bottler in Africa, and includes operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.