COCA-COLA IÇECEK ANONIM SIRKETI CCI has completed a comprehensive evaluation of a transaction to acquire a stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC). We have concluded that other, as-yet-undefined, future regional opportunities would potentially be a better strategic fit. Consequently, CCI will continue to engage with TCCC to identify appropriate territorial expansion opportunities in other geographies but will not be submitting an offer for CCBA.
Company ProfileCCI is the fifth-largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company (TCCC) across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.
CCI employs close to 10,000 people and has a total of 25 plants, offering a wide range of beverages to a consumer base of 380 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, teas and iced teas.
CCI's shares are traded on Borsa Istanbul (BIST) under "CCOLA.IS", American depositary receipts (ADR) are traded over the counter in the United States under "COLAY", Eurobond is traded on Irish Stock Exchange under "CCOLAT" tickers.
ContactsMichael Coombs Chief Financial Officer Tel: +90 216 528 4410 michael.coombs@cci.com.tr | Deniz Can Yücel Investor Relations Manager Tel: +90 216 528 3386 deniz.yucel@cci.com.tr |
Coca-Cola Içecek AS published this content on 04 April 2017 and is solely responsible for the information contained herein.
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