Coca-Cola HBC annonces the completion of the acquisition by its wholly-owned subsidiary, Coca-Cola HBC Holdings BV of approximately 52.7% of Coca-Cola Bottling Company of Egypt SAE (CCBCE) from MAC Beverages Limited (MBL) for a cash consideration of USD304 million.

The acquisition gives Coca-Cola HBC access to the second-largest non-alcoholic ready-to-drink (NARTD) market in Africa by volume, building on existing scale in Africa and increasing Coca-Cola HBC’s exposure to high growth geographies. There is a significant opportunity to leverage Coca-Cola HBC’s proven route-to-market capabilities and 70 years of experience operating in emerging markets to increase penetration of The Coca-Cola Company’s brand portfolio and drive category leadership.

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