Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Mes dernières consult.
Most popular
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
10/04/2017 | 10:16pm CET

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
Latest news on COCA-COLA COMPANY (THE)
03/20Salesforce to buy MuleSoft for $5.90 billion
03/20Salesforce to buy MuleSoft for $5.9 billion
03/20COCA COLA : Announces Timing of First Quarter 2018 Earnings Release and Investor..
03/20TO BUY OR SELL THESE STOCKS : BlackBerry Ltd, Facebook, Coca-Cola, Microsoft and..
03/20COCA COLA : Targets Generation Z in New Campaign From FCB Africa
03/20COCA COLA : Diet Coke refresh blends iconic past with bold future
03/16COCA COLA : U.S. State Dept to use blockchain to combat forced labor
03/16COCA COLA : U.S. State Dept to use blockchain to combat forced labor
03/16COCA COLA : Advancing and Preserving Latin America's Natural Capital
03/15COCA COLA : An Application for the Trademark "BAR NONE" Has Been Filed by Coca-C..
More news
News from SeekingAlpha
03/20The Fingerprints Of Buffett's Next Deal 
03/20DIVIDEND SENSEI'S PORTFOLIO UPDATE 2 : When Bombshells Go Off, You Adapt Or Die 
03/20AAM S&P 500 HIGH DIVIDEND VALUE ETF : Should You Ditch The High Yield Dog For T.. 
03/20ETF MONTH #5 : Getting Defensive With Consumer Staples ETFs 
03/19FROM 33 TO 3 : Dividend Growth Consumer Staples To Consider 
Financials ($)
Sales 2018 31 485 M
EBIT 2018 -
Net income 2018 9 010 M
Debt 2018 28 657 M
Yield 2018 3,65%
P/E ratio 2018 21,20
P/E ratio 2019 19,34
EV / Sales 2018 6,77x
EV / Sales 2019 6,50x
Capitalization 184 B
Duration : Period :
Coca-Cola Company (The) Technical Analysis Chart | KO | US1912161007 | 4-Traders
Technical analysis trends COCA-COLA COMPANY (THE)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 50,0 $
Spread / Average Target 16%
EPS Revisions
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)-5.27%185 335
COCA COLA HBC AG2.93%13 040