Coca Cola (KO), Coca-Cola Beverages Africa Announce Plans for Initial Public Offering for Bottler

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Go back to Coca Cola (KO), Coca-Cola Beverages Africa Announce Plans for Initial Public Offering for Bottler

The Coca-Cola Company and Coca-Cola Beverages Africa Announce Plans for Initial Public Offering for Bottler

April 19, 2021 6:55 AM EDT

CCBA, Africas Largest Coca-Cola Bottler, to be Listed as Standalone Business

ATLANTA & JOHANNESBURG, South Africa--(BUSINESS WIRE)-- The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) today announced plans to list CCBA as a publicly traded company.

The Coca-Cola Company intends to sell a portion of its shareholding in CCBA via an initial public offering. The decision is in line with The Coca-Cola Companys objective of focusing its resources on building consumer-loved brands and innovation.

The companies intend for an IPO within the next 18 months. The exact timing will be driven by a number... More