LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4…
LONDON: Coca-Cola HBC AG has announced its Q3 2024 trading update, highlighting strong organic revenue growth of 13.9% for the quarter and 13.7% year-to-date. The company saw a 4.0% increase in organic volumes, with notable growth in Sparkling (3.9%), Energy (28.0%), and Coffee (35.6%) categories. Organic revenue per case rose by 9.5%, driven by…
ZUG, SWITZERLAND: Coca-Cola HBC AG announced that its wholly-owned subsidiary, Coca-Cola HBC Northern Ireland Limited, has reached an agreement to acquire 100% of BDS Vending Solutions Ltd. BDS Vending, founded in 1993, is a well-established food and drink vending services business in Ireland, with a fleet of approximately 2,000 vending machines. The two founders,…
ZUG, SWITZERLAND: Coca-Cola HBC AG announced that Michalis Imellos, Chief Financial Officer, has informed the Company of his intention to step down from the role at the end of the first quarter of 2021. Imellos will continue in his role until his successor has been appointed and then remain with the Company during a…