Overview
- HBC will purchase the controlling stake in a cash-and-shares deal, with reports citing a $2.6 billion consideration and a $3.4 billion valuation for CCBA.
- The Coca‑Cola Company will sell 41.52% of CCBA from its 66.52% stake and Gutsche Family Investments will sell 33.48%, with an option allowing HBC to acquire Coca‑Cola’s remaining 25% within six years after closing.
- CCBA operates in 14 African markets, representing roughly 40% of Coca‑Cola system volumes on the continent, and the combined group’s 2024 pro forma scale is about 4 billion cases with €14.1 billion revenue and €1.4 billion EBIT.
- The company expects to complete the transaction by the end of 2026 subject to regulatory approvals and has signaled a potential secondary listing on the Johannesburg Stock Exchange.
- HBC shares fell about 4% following the announcement, as the bottler also posted 5% organic revenue growth in Q3 and reaffirmed full‑year guidance.