Coca-Cola Europacific Partners and Aboitiz Equity Ventures Seal Deal to Acquire Coca-Cola Beverages Philippines
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola Europacific Partners plc (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have entered into a definitive agreement to acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). The deal values CCBPI at $1.8 billion and will result in a 60:40 ownership split between CCEP and AEV. The acquisition is subject to regulatory approvals and other customary closing conditions.
November 20, 2023 | 7:22 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CCEP, in partnership with AEV, is set to acquire CCBPI from KO, with a 60:40 ownership structure and a valuation of $1.8 billion.
The acquisition of CCBPI is likely to be seen as a positive strategic move for CCEP, expanding its market presence in the Asia-Pacific region. The deal's completion could lead to potential revenue growth and operational synergies, which may positively influence CCEP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
The Coca-Cola Company (KO) has agreed to sell its ownership of Coca-Cola Beverages Philippines, Inc. to CCEP and AEV for $1.8 billion.
For KO, the sale of CCBPI may be part of a broader strategy to streamline operations and focus on core markets. The impact on KO's stock price is likely to be neutral in the short term as the market absorbs the news and evaluates the long-term benefits of the divestiture.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60