Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Coca-Cola Company (The)    KO

Delayed Quote. Delayed  - 10/17 10:00:18 pm
46.52 USD   -0.21%
10/16 COCA COLA : fails to dissuade Israel Tax Authority on huge debt
10/12 COOK COUNTY RET : 'This was a nightmare'
10/11 LORAN SMITH : The Notre Dame footprint
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

The Coca-Cola Company : and AB InBev Complete Transition of Majority Ownership in Coca-Cola Beverages Africa

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/04/2017 | 10:16pm CEST

Closing of Previously Announced Transition of AB InBev’s 54.5% Equity Stake to The Coca-Cola Company Follows Regulatory Approvals; The Coca-Cola Company Will Continue to Work Toward Refranchising CCBA, The Largest Coca-Cola Bottler in Africa

The Coca-Cola Company (NYSE: KO) and Anheuser-Busch InBev (AB InBev) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) announced today that they have completed the transition of AB InBev’s majority interest in Coca-Cola Beverages Africa (CCBA).

CCBA, the largest Coca-Cola bottler in Africa, was formed in 2016 through the combination of African non-alcoholic ready-to-drink bottling interests of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments. AB InBev later acquired SABMiller and reached an agreement to transition AB InBev’s 54.5% equity stake in CCBA to Coca-Cola.

The transition, which was first announced in December 2016, makes The Coca-Cola Company the controlling shareowner of CCBA. The closing follows the completion of a number of regulatory approvals across the territories in which CCBA operates.

The Coca-Cola Company plans to hold its controlling interest in CCBA temporarily until it is refranchised. The Coca-Cola Company will account for CCBA as a discontinued operation.

Today’s announcement reflects agreements reached with the South African Government and the South African competition authorities on several conditions, all of which were previously announced. The Coca-Cola Company recognizes the value of driving CCBA’s operations from South Africa and recommitted that CCBA will remain incorporated and tax-resident in South Africa, and its head office will also remain in South Africa.

The companies continue to work toward finalizing their conditional agreement in principle for The Coca-Cola Company to acquire AB InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras.

As previously announced, The Coca-Cola Company’s process to refranchise CCBA is open to South African and international prospective partners who have the necessary skill, capacity and commitment to drive The Coca-Cola Company’s vision for CCBA. They will be required to abide by the commitments made by The Coca-Cola Company to the government of the Republic of South Africa. Partner selection will take into consideration a number of factors, as previously announced, including a commitment to maintain South Africa as an anchor geography for the bottler in driving the development of CCBA on the continent and have a positive impact in South Africa and the rest of the continent.

The Coca-Cola Company has been engaging with both South African and international parties interested in acquiring an interest in CCBA.

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is the world’s largest total beverage company, offering over 500 brands to people in more than 200 countries. Of our 21 billion-dollar brands, 19 are available in lower- and no-sugar options to help people everywhere more easily control added sugar. In addition to our namesake Coca-Cola drinks, some of our household names around the world include: AdeS soy-based beverages, Ayataka green tea, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater, and Zico coconut water. At Coca-Cola, we’re serious about making positive contributions to our world. That starts with reducing sugar in our drinks and bringing new and different drinks to people everywhere. It also means continuously working to reduce our environmental impact, creating rewarding careers for our associates, and bringing economic opportunity wherever we operate. In fact, together with our bottling partners, we employ more than 700,000 people around the world. For more information, visit our digital magazine Coca-Cola Journey at www.coca-colacompany.com and follow The Coca-Cola Company on Twitter, Instagram, Facebook and LinkedIn.

This press release does not constitute or form a part of any offer or an invitation or solicitation or advertisement to purchase and/or subscribe for securities in South Africa, including an offer to the public for the sale of, or subscription for, or an invitation or the solicitation of an offer to buy and/or subscribe for, securities as defined in the South African Companies Act, 71 of 2008 (as amended).


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COCA-COLA COMPANY (THE)
10/16 COCA COLA : fails to dissuade Israel Tax Authority on huge debt
10/13 COCA COLA : Missoula County approves $600K in tax help to relocate Coke plant
10/13 COCA COLA : Loop Industries Announces Appointment of Shaun Higgins to its Board ..
10/12 COCA COLA : Biotechnology Major Wins Two Top National Phi Theta Kappa Scholarshi..
10/12 COOK COUNTY RETAILERS CHEER SODA TAX : 'This was a nightmare'
10/11 COCA COLA : to launch 'safe birth initiative'
10/11 LORAN SMITH : The Notre Dame footprint
10/11 COCA COLA : to Launch Safe Birth Initiative
10/10 ANHEUSER BUSCH INBEV NV (ADR) (NYSE : BUD) Sales Its 54.5% Equity Stake To Coca-..
10/10 COCA COLA : Maternal Health - U.S.$20 Million Safe Birth Initiative for Nigeria,..
More news
News from SeekingAlpha
10/17 Soda sales weak per Nielsen data
10/17 MOONSHOT MONDAY : Buffett Buys Disney
10/17 Can Coke Pull A McDonald's To Catalyze The Stock Price?
10/16 EDITORS' PICKS DAILY : Investors Overhyping Amazon-Whole Foods, REIT Picks & Wee..
10/15 McDonald's Muchies - Debra Borchardt's Idea Of The Month
Financials ($)
Sales 2017 35 057 M
EBIT 2017 -
Net income 2017 7 341 M
Debt 2017 26 415 M
Yield 2017 3,08%
P/E ratio 2017 30,89
P/E ratio 2018 23,92
EV / Sales 2017 6,41x
EV / Sales 2018 7,32x
Capitalization 198 B
Chart COCA-COLA COMPANY (THE)
Duration : Period :
Coca-Cola Company (The) Technical Analysis Chart | KO | US1912161007 | 4-Traders
Technical analysis trends COCA-COLA COMPANY (THE)
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 47,6 $
Spread / Average Target 2,3%
EPS Revisions
Managers
NameTitle
James Quincey President, Chief Executive Officer & Director
Ahmet Muhtar Kent Chairman
Kathy N. Waller CFO, President-Enabling Services & Executive VP
Eddie R. Hays Chief Technical Officer & Senior Vice President
Barry N. Simpson Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
COCA-COLA COMPANY (THE)11.38%198 422
DR PEPPER SNAPPLE GROUP INC.-1.15%16 288
SUNTORY BEVERAGE & FOOD LTD6.90%14 347
COCA COLA HBC AG46.89%12 602
ARCA CONTINENTAL SAB DE CV17.53%11 620
TINGYI (CAYMAN ISLANDS) HOLDING CORP.29.06%8 931