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Coca-Cola Beverages Africa begins operations

04 July 2016 09:06

Africa's largest Coca-Cola bottler - Coca-Cola Beverages Africa (CCBA) - has begun its first day of operations.

The company has been formed through the combination of African non-alcoholic ready-to-drink bottling interests of SABMiller plc, The Coca-Cola Company, and Gutsche Family Investments.

Having received all necessary approvals, the merger parties officially completed the transaction on 2 July, 2016.

The new company will produce and distribute approximately 40% of all Coca-Cola beverage volumes in Africa and is the 10th largest Coca-Cola bottler worldwide, initially serving 11 high-growth countries, which will increase to a total of 14 countries.

CCBA is headquartered in South Africa and it will manufacture and sell 40 still and sparkling brands from more than 30 African bottling plants.

At 9:06am: (LON:SAB) SABMiller PLC share price was 0p at 4367p

Story provided by StockMarketWire.com

Related Company: SAB

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