Coca-Cola HBC to Acquire 75% of Coca-Cola Beverages Africa (Path to Full Ownership)

Coca-Cola HBC entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company and Gutsche Family Investments (GFI) for a combined purchase price of US$2.6 billion. The parties also agreed to an option arrangement that enables Coca-Cola HBC to buy, and The Coca-Cola Company to sell, the remaining 25% stake, targeting completion by the end of 2026 subject to approvals.