CCH Holdings buys Coca-Cola Bottling Egypt for $427mn
ZUG, SWITZERLAND: Coca-Cola HBC Holdings (CCH Holdings) has reached agreement to acquire 94.7% of Coca-Cola Bottling Company of Egypt (CCBCE) from its major shareholders including The Coca-Cola Company (TCCC) and MAC Beverages Limited (MBL) for an agreed combined purchase price of US$427 million. Zoran Bogdanovic, CEO of Coca-Cola HBC, said: “We are excited to welcome…