Coca Cola Is Considering Selling Its Africa Bottling Unit For 6 Billion United States Dollars 

Total beverage company; The Coca-Cola Company, is reportedly considering numerous options for its bottling business venture on the African continent. Among said numerous options, is an Initial Public Offering (IPO) option and a sale option.

According to reports by Bloomberg, an Initial Public Offering (IPO) or sale of its bottling business would put the value of said business at around 6 billion United States Dollars. That figure might however change depending of course on the level of interest from buyers.

The Coca-Cola Company currently holds 66.5 percent of the Coca-Cola Beverages Africa company and is also conversing with potential advisers regarding its exit options.

The Coca-Cola Company had first tried to sell of its stake in 2017 when it had attracted interests from Heineken NV as well as Coca-Cola HBC AG. Just a year prior (2016) it had acquired its majority stake for the sum of 3.15 billion United States Dollars at the time, subsequently buying Anheuser-Busch InBev out of the African bottling joint venture (JV).

The Coca-Cola Beverages Africa company right now caters to 13 countries which include Ethiopia, Ghana, and of course the East African nation of Kenya, and accounts for around 40 percent of the total drinks Coca-Cola sells on the continent of Africa.

A study by Interbrand which was carried out in 2015 titled; Best Global Brand, placed Coca-Cola as the 3rd most valuable brand in the world right behind Apple and Google.

As at 2013 Coca-Cola products were sold in more than 200 countries all over the world. Its consumers consume more than 1.8 billion Coca-Cola beverage servings every day.

In 2018, Coca-Cola was ranked at 87th in the Fortune 500 list of the largest corporations in the United States in terms of total revenue.

Earlier in the year the The Coca-Cola Company struck a successful deal to essentially increase local shareholding in its bottling establishment in South Africa.

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