Vending

IPO set for African Coca-Cola bottler

Image courtesy of iStock.

April 19, 2021

The Coca-Cola Co. and Coca-Cola Beverages Africa will list CCBA within the next 18 months as a publicly traded company, according to a press release.

The Coca-Cola Co. intends to sell a portion of its shareholding in CCBA via the initial public offering. The decision is in line with The Coca-Cola Co.'s objective of focusing its resources on building consumer-loved brands and innovation.

Shares will be listed in Amsterdam and Johannesburg, with Amsterdam being the primary exchange.

The IPO will allow CCBA to operate as an independent, Africa-focused, South African-headquartered, managed and domiciled business.