Coca-Cola Europacific Partners plc Announces Completion of Joint Acquisition of Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have completed the acquisition of Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO) for $1.8 billion. This acquisition, which gives CCEP a 60% ownership and AEV 40%, is expected to be immediately EPS accretive, diversifies CCEP's footprint in the Asia-Pacific region, and aligns with its long-term growth strategy.
February 23, 2024 | 7:22 am
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POSITIVE IMPACT
CCEP's acquisition of CCBPI is expected to be immediately EPS accretive, enhancing its footprint in the Asia-Pacific region and supporting long-term growth.
The acquisition of CCBPI by CCEP is significant due to its immediate positive impact on earnings per share (EPS), the strategic expansion in the Asia-Pacific region, and alignment with CCEP's long-term growth strategy. The financial details and expected benefits outlined suggest a positive outlook for CCEP's stock in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
The Coca-Cola Company (KO) has completed the sale of CCBPI to CCEP and AEV, a move that aligns with its strategy of focusing on core markets and operations.
While the sale of CCBPI by KO to CCEP and AEV is a strategic move, its immediate impact on KO's stock price is likely neutral. The transaction aligns with KO's strategy of optimizing its portfolio and focusing on core markets, but the financial impact is less direct compared to CCEP.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70