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Business > Top Business
AEV, CCEP ink deal to buy Coca-Cola PH
By Brix Lelis
Nov 21, 2023 12:36 am

ABOITIZ Equity Ventures Inc. (AEV) on Monday said that it had signed an agreement, along with Coca-Cola Europacific Partners Plc (CCEP), to jointly acquire Coca-Cola Beverage Philippines Inc. (CCBPI).

CCBPI, valued at $1.8 billion on a debt- and cash-free basis, will be bought from The Coca-Cola Company (TCCC) with CCEP taking a 60-percent stake and AEV the remaining 40 percent.

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