Streetbeat News

ABOIF

Aboitiz Equity Ventures Inc.

https://aboitiz.com/

CEO

Sabin Aboitiz

Industry

Offices of Bank Holding Companies

Open

0.68

Mkt cap

3.8B

Volume

High

0.68

P/E Ratio

9.77

52-wk high

0.85

Low

0.68

Div yield

0.04

52-wk low

0.59

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.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 10:44 am

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