Coca-Cola acquires soft drinks stake in MMB : vimarsana.com

Coca-Cola acquires soft drinks stake in MMB


Coca-Cola acquires soft drinks stake in MMB
Coca-Cola acquires soft drinks stake in MMB
Bereng Mpaki
COCA-COLA Beverages Africa (CCBA) has acquired a stake in the soft drinks section of the Maluti Mountain Breweries (MMB) through a new entity called Coca-Cola Beverages Lesotho (CCBL).
The new entity, co-owned by CCBA and the Lesotho National Development Corporation (LNDC), will operate as a subsidiary of CCBA. CCBA will have management control of CCBL.
According to CCBA statement yesterday, CCBL began operations on 10 May 2021.
CCBA bottles and distributes beverages whose trademarks are owned by The Coca-Cola Company (TCCC) or TCCC’s affiliated entities and is the world’s eighth largest Coca-Cola bottler by revenue and the largest on the continent. It accounts for 40 percent of all Coca-Cola products sold in Africa.

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