ATLANTA, Oct. 10, 2016 – The
The company has chosen to exercise its right to acquire ABI’s stake in CCBA because it intends to implement its long-term strategic plan in these markets with other partners. While the company respects ABI’s capabilities, it has a number of existing partners who are highly qualified and interested in these bottling territories.
During the next few months the company will negotiate the terms of the transaction with ABI according to the contractual parameters, which will later be followed by a regulatory approval process. The Coca‑Cola Company also will continue negotiations with potential partners, and plans to refranchise CCBA as soon as practical following regulatory approval. The company’s intent is to account for the acquired stake as a discontinued operation for reporting purposes.
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands and more than 3,800 beverage choices. Led by
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