CCEP and AEV to jointly acquire Coca-Cola Beverages Philippines

LONDON, UK: Coca-Cola Europacific Partners plc (CCEP), the world’s largest Coca-Cola bottler by both revenue and volume, has announced its intention to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI), a successful business with attractive profitability and growth prospects, from The Coca-Cola Company (KO). CCEP has signed a non-binding Term Sheet and is in advanced discussions…