African: Coca-Cola Beverages to be listed as publicly-traded company
Follow Us @
Coca-Cola Beverages to be listed as publicly-traded company
The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) today announced plans to list CCBA as a publicly-traded company
The Coca-Cola Company intends to sell a portion of its shareholding in CCBA via an initial public offering. The decision is in line with The Coca-Cola Company’s objective of focusing its resources on building consumer-loved brands and innovation.
The companies intend for an IPO within the next 18 months. The exact timing will be driven by a number of factors, including macroeconomic conditions. Shares will be listed in Amsterdam and Johannesburg, with Amsterdam being the primary exchange.
Coca-Cola Beverages to be listed as publicly-traded company
The IPO will allow CCBA to operate as an independent, Africa-focused, South African-headquartered, managed and domiciled business. The plans underscore The Coca-Cola Company’s continued and long-term belief and commitment to the African continent and the leadership of CCBA from South Africa.
“The Coca-Cola Company sees Africa as a key growth market and views a separate listing of CCBA as an opportunity to deliver a broad, supportive, long-term investor base for the ongoing development of the business,” said Bruno Pietracci, president of the Africa operating unit of The Coca-Cola Company.
“A standalone listing for CCBA will enable the bottler to build on its growth trajectory and access capital independently to meet the investment needs of the business, which is great for stakeholders across Africa,” said Jacques Vermeulen, CEO of CCBA.
MORE@AFRILATEST
JOIN US ON FACEBOOK Coca-Cola Beverages to be listed as publicly-traded company
-
News2 months ago
Harry decides to appeal after loss of police protection in the UK
-
Good News TV series2 months ago
Justin Bieber and Hailey go to church using a powerful car
-
Good News TV series2 months ago
Preta Gil is the new presenter of TVZ on Multishow
-
Good News TV series2 months ago
Fuzuê: Pascoal is sentenced to more than 70 years in prison
-
Health and Fitness2 months ago
Hyperbaric Oxygenation accelerates recovery from knee injuries, according to USP study
-
News2 months ago
Viradouro wins the Rio de Janeiro Carnival title in 2024 now news
-
Culture2 months ago
the Sub4 Turismo package that we recommend and we go (on the 42 km)
-
Good News TV series2 months ago
Cris discovers Isis's pregnancy. And now?