KTN Prime: Coca Cola buys Africas Coke bottler stake from largest beer marker AB Indev

Business | Wednesday 21 Dec 2016 10:11 pm

The world’s largest beer marker Ab-Inbev has agreed to sell its majority stake in Africa’s largest coke bottler to the coca cola company for $3.15 billion, the final planned divestment following its purchase of rival brewer sab-miller. Ab Inbev and coca cola agreed to the transfer of ab Inbev 54.5 percent stake in Coca-Cola beverages and reached an agreement in principle for coca cola to acquire A.B Inbev's interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount. The transactions, subject to relevant regulatory and minority approvals, are expected to close by the end of 2017. Ab Inbev has now raised some $27 billion from divestments of SABMiller’s European, U.S. and Chinese interests, recouping more than a quarter of the 79 billion pounds ($97.7 billion) it paid for the world's second largest brewer.?