Coca-Cola HBC Acquires 75% of Africa's CCBA in $2.6 Billion Expansion Move

Coca-Cola Hellenic Bottling Company acquires 75% of Coca-Cola Beverages Africa for $2.6 billion, solidifying its position as the worlds second-largest Coke bottler and expanding its footprint in Africa.

• Coca-Cola Hellenic Bottling Company announced on Tuesday it will acquire a 42% stake from Coca-Cola and all shares from Gutsche Family Investments in Coca-Cola Beverages Africa.
• The $2.6 billion deal gives Coca-Cola Hellenic Bottling Company 75% control of Coca-Cola Beverages Africa, which sells 40% of Coca-Cola products in the African market.
• This acquisition positions Coca-Cola Hellenic Bottling Company as the second-largest bottler of The Coca-Cola Company globally, following a previous $3.4 billion deal.