BUSINESS
Advocates Philippines
Coca-Cola Europacific Partners And Aboitiz Equity Ventures Propose Acquisition Of Coca-Cola Beverages Philippines, Inc.
Photo credit: Coca-Cola
Coca-Cola Europacific Partners plc (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have jointly entered into a Letter of Intent to acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO).
The proposed acquisition aims to strengthen CCEP's position as the world's largest Coca-Cola bottler by both revenue and volume, supporting its growth strategy and shareholder value.
The deal, valued at US$1.8 billion, is subject to due diligence, regulatory approvals, and definitive agreements and is expected to close around the end of FY23.
The proposed acquisition aims to strengthen CCEP's position as the world's largest Coca-Cola bottler by both revenue and volume, supporting its growth strategy and shareholder value.
The deal, valued at US$1.8 billion, is subject to due diligence, regulatory approvals, and definitive agreements and is expected to close around the end of FY23.
Aug 3, 2023
