Coca-Cola Europacific Agrees to Buy Coca-Cola Beverages Philippines in $1.8 Billion Deal
20 11월 2023 - 5:04PM
Dow Jones News
By Joe Hoppe
Coca-Cola Europacific Partners said it has reached a definitive
agreement to jointly buy Coca-Cola Beverages Philippines, Inc., or
CCBPI, from The Coca-Cola Company for $1.8 billion in a joint
acquisition.
The London-listed bottling company said Monday it has agreed
together with Philippines conglomerate Aboitiz Equity Ventures Inc.
to buy the entirety of CCBPI, in a 60:40 ownership structure.
Coca-Cola Europacific will hold the larger stake.
The company said the acquisition will build upon its prior
expansion into Australia, Pacific and Indonesia in 2021,
positioning Coca-Cola Europacific as the world's largest Coca-Cola
bottler by both revenue and volume.
The acquisition is still subject to a number of closing
conditions, including regulatory approval.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
November 20, 2023 02:49 ET (07:49 GMT)
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