SABMiller, Coca-Cola, GFI to create African bottler
bdlive.co.za - Nov 28th 2014, 10:07
London — SABMiller, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9bn in revenue across 12 fast-growing markets.
The new company, which will be headquartered in SA, will be 57%-owned by the brewer, 31.7% by GFI, which is the majority owner of Coca-Cola Sabco, and 11.3% owned by The Coca-Cola Company, the groups said on Thursday.
As part of the deal, Coca-Cola will also acquire SABMiller’s sparkling soft drink Appletiser brands globally, and buy or be licensed for a further 19 non-alcoholic names in Africa and Latin America for about $260 million.
"The opportunity is significant, with favourable demographics and economic development pointing to excellent growth prospects," said Alan Clark, SABMiller CE.
"This also signifies a strengthening of our strategic relationship with The Coca-Cola Company."
Management consultancy McKinsey says that Africa’s consumer spending on shopping, banking, telecoms, and tourism could grow to $978bn by 2020, from $570bn in 2010.
The new firm, Coca-Cola Beverages Africa, will have more than 30 bottling plants when the deal is completed, bringing together brands such as Appletiser and spring water Valpre in countries such as South Africa, Kenya, Ethiopia, Mozambique and Tanzania.
Others are Uganda, Namibia, Comoros, and Mayotte. Later, operations in Swaziland, Botswana, and Zambia will be included in the transaction.
Nomura and NLA advised Coca-Cola Sabco and Rothschild advised SABMiller on the deal. From DFM Publishers (Pty) Ltd
Profits fall at Aldi UK but continuing expansion drive
18/09/2019 - 10:35
Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus.
Distell waits for tribunal ruling
16/09/2019 - 10:03
Local alcoholic beverages company, Distell Limited, will have to wait for the Competition Tribunal’s decision whether or not global beer brewer Anheuser-Busch (AB) InBev and SABMiller plc (SAB) have breached their merger conditions by striking exclusive deals with outlets.
Distell and AB Inbev square off in booze showdown
13/09/2019 - 10:28
Exclusive branding arrangements with liquor outlets and agreements with sports stadiums took centre stage at Competition Tribunal hearings on Thursday, into Distell's accusation that Anheuser-Busch InBev (AB InBev) is contravening the conditions of its 2016 merger with SABMiller.
AB InBev offloads Australian unit for $11.3bn
19/07/2019 - 09:03
Anheuser-Busch InBev (AB InBev), which shelved plans to list its Asia Pacific business in Hong Kong, said it will sell Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group for about $11.3bn (R157bn).
A Woolworths window display wins big in London
18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.