USA based Coca-Cola and Belgium based Anheuser-Busch InBev (AB InBev) have come into agreement in $3.15bn deal for 54.5% stake in Coca-Cola Beverages Africa(CCBA). In the deal Coke has agreed to buy 54.5% stake of AB InBev in CCBA.
Coke had formed CCBA with SABMiller and Sabco (South African owners of bottler Coca-Cola) in 2014. They had a clause to buy SABMiller’s stake in CCBA if there was any change of control at the brewer. So, they exercised the clause and bought the stake of AB InBev.
The deal is still subject to regulatory approvals and is expected to close by the end of 2017. Rothschild advised Coke on this deal. While Lazard and Deutsche Bank advised AB InBev.
About Anheuser-Busch InBev (AB InBev)
Anheuser-Busch InBev is a multinational beverage and brewing company with global headquarters in Leuven, Belgium. It is the world’s largest brewer and has a 28.4 percent global market share.AB InBev was formed through successive mergers of three international brewing groups: Interbrew from Belgium, AmBev from Brazil, and Anheuser-Busch from the United States in 2008.
It has 16 brands that individually generate more than US$ 1 billion annually in revenue, out of a portfolio of more than 200 brands. Which includes brands like Budweiser, Corona and Stella Artois, Beck’s, Hoegaarden and Leffe and US brands such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler.
About The Coca-Cola Company
The Coca-Cola Company, which is headquartered in Atlanta, Georgia, is an American multinational beverage corporation, and manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups. The company is known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Columbus, Georgia.
The Coca-Cola formula and brand were bought in 1889 by Asa Griggs Candler , who incorporated The Coca-Cola Company in 1892.