Coca-Cola HBC Moves Forward with $1.3B Acquisition from The Coca-Cola Company, Sets Shareholder Vote

Coca-Cola HBC AG, a key bottling partner for The Coca-Cola Company (KO), scheduled an Extraordinary General Meeting (EGM) for January 19, 2026. The company seeks shareholder approval to finalize its acquisition of Coca-Cola Beverages Africa (CCBA).

The acquisition involves Coca-Cola HBC taking a 75% stake in CCBA. This move advances a deal initially agreed upon on October 21, 2025.

A major component of the transaction is the purchase of a 41.52% equity interest from affiliates of The Coca-Cola Company. Coca-Cola HBC will pay $1.3 billion in cash for this stake. At the time of the initial agreement, the total equity of CCBA was valued at $3.4 billion.