Bottler CCEP Proposes Joint Acquisition Of Coca-Cola's Philippines Business For $1.8B
Portfolio Pulse from Lekha Gupta
Coca-Cola Europacific Partners PLC (CCEP) and Aboitiz Equity Ventures Inc (ABOIF) plan to jointly acquire Coca-Cola Beverages Philippines from The Coca-Cola Company (KO) for $1.8 billion. The deal will make CCEP the world's largest Coca-Cola bottler by revenue and volume. Post-acquisition, the ownership structure will be 60:40 between CCEP and AEC. The transaction is expected to close by the end of FY23. CCEP also reported H1 FY23 revenue growth of 8.5% Y/Y and raised its FY23 guidance.
August 04, 2023 | 10:44 am
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NEUTRAL IMPACT
KO is selling Coca-Cola Beverages Philippines to CCEP and ABOIF for $1.8 billion.
The sale of Coca-Cola Beverages Philippines will bring in $1.8 billion for KO, but it's unclear how this will impact the company's overall business and revenue.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
ABOIF is jointly acquiring Coca-Cola Beverages Philippines with CCEP, which will diversify its business and increase its revenue.
The joint acquisition with CCEP will diversify ABOIF's business and potentially increase its revenue, which is positive for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CCEP plans to acquire Coca-Cola Beverages Philippines, which will diversify its business and make it the world's largest Coca-Cola bottler. The company also reported strong H1 FY23 results and raised its FY23 guidance.
The acquisition will diversify CCEP's business and increase its revenue and volume, which is positive for the company. The strong H1 FY23 results and raised guidance also indicate good performance and future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100