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Coca-Cola to acquire SABMiller Africa bottling stake

Oct. 10, 2016 6:28 PM ETThe Coca-Cola Company (KO) StockBy: Carl Surran, SA News Editor10 Comments
  • Coca-Cola (NYSE:KO) says it will exercise its right to acquire SABMiller’s (OTCPK:SBMRY, OTCPK:SBMRF) former interest in its largest African bottling company, saying it plans to implement its long-term strategic plan in these markets with other partners.
  • The move comes after Anheuser-Busch InBev closed its acquisition of SABMiller to create a beer giant with a large African footprint; as of late August, SABMiller had a 54% stake in Coca-Cola Beverages Africa, which distributes ~40% of Coke's volumes in the continent.
  • KO wants to keep AB InBev at arm's length amid speculation that the European company eventually could try to acquire it.

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