VTI - Coca-Cola Contemplates $8B IPO For African Bottling Unit: Report | Benzinga
Coca-Cola Co (NYSE:KO) is reportedly preparing for a potential public offering of its African bottling arm, which had previously been postponed.
The company is considering a dual listing for Coca-Cola Beverages Africa in Johannesburg and Amsterdam, aiming for a business valuation exceeding $8 billion, according to a report from Bloomberg, citing sources familiar with the matter.
Currently, Coca-Cola holds a 66.5% stake in the bottling unit, with the remaining 33.5% owned by Gutsche Family Investments.
Discussions regarding the IPO are in early stages, and specifics of the offering ...