Coca-Cola gears up for IPO of $8bn African bottling arm
Coca-Cola is gearing up for a potential initial public offering of its African bottling business as soon as next year.
Source: timeslive.co.za
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coke: Coca-Cola's bottling arm in talks to sell some units
The beverage company had sold some of its bottling plants in 2019, but the divestment process got disrupted due to the pandemic. Coca-Cola wants to divest asset-heavy bottling operations in India to focus more on brands and strategy, in line with its global policy. The three independent franchise bottlers are the MMG Group, the Ladhani Group and the Kandhari Group, people aware of the development said.
Source: indiatimes.com