15th March 2019

NIGERIA – Coca-Cola Nigeria deal

The Coca-Cola company has completed its purchase of Nigerian juice and dairy company Chi, three years after buying an initial 40% stake. Headquartered in Lagos, Chi produces juice and iced tea under its Chivita brand, value-added dairy products under the Hollandia brand, as well as a range of snacks.

According to Coca-Cola, juices and value-added dairy categories rank among the fastest-growing beverage segments in Nigeria and Africa. The company said the acquisition further signals its optimism about Africa’s consumer opportunity and a commitment to its long-term investment and growth plan on the continent, where it has been present for more than 90 years.


By Caroline Calder News Share: