Coca-Cola Sabco (East Africa) Limited entered into an agreement to acquire stakes in Almasi Beverages Ltd and Nairobi Bottlers Limited from Centum Investment Company Limited (NASE:ICDC) for KES 19.4 billion on June 12, 2019. The transactions are subject to regulatory approval. The sale is expected to complete in next 4 months. The proceeds from these transactions will be applied towards repaying Centum's current U.S. dollar denominated bank term loans of KES 7.5 billion, which will result in finance cost savings of KES 700 million. Coca-Cola Sabco (East Africa) Limited completed the acquisition of stakes in Almasi Beverages Ltd and Nairobi Bottlers Limited from Centum Investment Company Limited (NASE:ICDC) on October 3, 2019. In the transaction, Coca-Cola Beverages Africa Limited acquired 53.9% stake in Almasi Beverages Ltd and 27.6% stake in Nairobi Bottlers Limited.