Coca-Cola Co. (Atlanta, Georgia)
The Coca-Cola Company and Gutsche Family Investments have agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa Pty. Ltd. to Coca-Cola HBC AG, the companies announced today. This transaction values 100% of CCBA at an equity value of US$3.4 billion and is targeted to close by
Coca-Cola Co. (Atlanta, Georgia)
The Coca-Cola Company and Gutsche Family Investments have agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa (CCBA) to Coca-Cola HBC AG for an equity value of US$3.4 billion. This transaction marks a significant step in Coca-Cola's ongoing refranchising of company-owned or controlled bottling
Beverage industry
Coca-Cola and Gutsche Family Investments have agreed to sell a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) to Coca-Cola HBC for an equity value of USD3.4bn. This sale will see CCBA, the largest Coca-Cola bottler in Africa, operate under Coca-Cola HBC's control. The acquisition will strengthen
Coca-Cola Co. (Atlanta, Georgia)
The Coca-Cola Company and Gutsche Family Investments have agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa Pty. Ltd. to Coca-Cola HBC AG, the companies announced today. This transaction values 100% of CCBA at an equity value of US$3.4 billion and is targeted to close by
Microsoft Corp.
Coca-Cola has long reigned as the world's most valuable brand, but with Microsoft snapping at its heels, the soft-drink giant's position is under threat. Meanwhile, Australian entrepreneur Dick Smith plans to take on national icon Vegemite with his own brand, Ozemite. Qantas, too, is facing competition
Microsoft Corp.
Despite the ongoing challenges faced by many technology companies, including Microsoft's attempt by the Justice Department to split up the company and negative media attention on its chairman, Bill Gates, the sector created the most brand value in the past 12 months, according to Interbrand's Annual
Soft drink industry
Cadbury Schweppes, a British confectionery-to-soft-drinks giant, has its sights set on acquiring control of the US-based Dr Pepper/Seven-Up group, in which it already holds a 25% stake. The move, which would dramatically strengthen Cadbury's position as the world's third-largest fizzy drinks company, could cost up
Soft drink industry
In a significant move aimed at bolstering the prestige of the Coca-Cola Cup, the Football League has announced that teams from Europe will be given byes into the competition's third round. This decision comes in light of Manchester United's use of young players against Port Vale
Soft drink industry
Wolves continued to lead the First Division, thanks to a last-minute winning goal from Republic of Ireland striker David Kelly against Portsmouth at Fratton Park. This was their third consecutive away victory, coming on the heels of wins against Sunderland and Coventry. Graham Taylor, Wolves' manager, was pleased with
Soft drink industry
Stock traders and international currency traders shifted their focus from global events to economic indicators yesterday, driving stock prices up and down across various markets. Amid the trading, notable rises were seen in stocks such as Coca-Cola, Eli Lilly, and Time Warner. The Dow Jones industrial average rose 3.37
