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Coca-Cola HBC Shares Dip 4% On African Acquisition, Q3 Trading Update
The $2.6 billion acquisition creates the world's second-largest Coca-Cola bottler by volume, expanding Coca-Cola HBC's reach across 14 African markets.
- On Tuesday, Coca-Cola HBC AG agreed to buy a 75% stake in Coca-Cola Beverages Africa for $2.6 billion, creating the world's second-largest Coca-Cola bottling partner by volume.
- Coca-Cola HBC says the move expands its footprint to reach younger consumers across 14 African markets and includes an option to acquire the remaining 25% within a six-year period.
- To finance the purchase, HBC will use a 2.5 billion bridge financing and issue shares to Gutsche equal to 5.47% of the enlarged entity, with plans for a Johannesburg listing and immediate buyback cancellation.
- Market moves followed the announcement with Coca-Cola HBC shares 4% lower on Tuesday at 33.98, and the company said the deal is expected to close by the end of 2026.
- On a pro forma basis, the enlarged group's 2024 volumes were 4 billion cases with revenues of �14.1 billion and EBIT �1.4 billion, representing two-thirds of Africa's Coca-Cola system volume and covering over 50% of the continent's population.
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Total News Sources29
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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