NIGERIA > Barcelona based GBfoods and Africa focused investment firm, Helios Investment Partners, form JV

GBFOODs logo photoshop The joint venture of GBfoods and Helios Investment Partners is set to acquire certain assets and leading brands in Africa to operate in 30 African countries with leadership positions in Nigeria and Ghana. The joint venture has acquired various African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste),  Jago (milk powder and mayonnaise) and also More …

SOUTH AFRICA > Coca-Cola to acquire 54.5% stake in Coca-Cola Beverages Africa from AB InBev for $3.15 Bn

the_coca-cola_company_logo-svg USA based Coca-Cola and Belgium based Anheuser-Busch InBev (AB InBev) have come into agreement in $3.15bn deal for 54.5% stake in Coca-Cola Beverages Africa(CCBA). In the deal Coke has agreed to buy 54.5% stake of AB InBev in CCBA. Coke had formed CCBA with SABMiller and Sabco (South African owners of bottler Coca-Cola) in 2014. They had a clause to More …