Why Coca-Cola opted for IPO for African subsidiary CCBA
Following unsuccessful discussions with its main competitor on a potential divestment, the global drinks titan has turned to the stock market. Africa Business+ has the details.
04/11/2021 at 19h33, by Africa Business+
For more than 18 months between 2018 and 2020, the American group The Coca-Cola Company sought to divest its South African subsidiary Coca-Cola Beverages Africa (CCBA), according to Africa Business+ sources, before ultimately opting for the stock market.
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