Coca-Cola & SABMiller strike deal to create Africa's largest bottling operation

Muhtar A. Kent, CEO of Coca-Cola

SABMiller Plc (SAB) and Coca-Cola Co. (KO) will combine bottling operations for non-alcoholic beverages in southern and eastern Africa, forming the continent’s largest Coca-Cola bottler with annual revenue of almost $3 billion.

SABMiller will hold 57 percent of Coca-Cola Beverages Africa, with Coca-Cola holding 11.3 percent, the London-based maker of Grolsch and Peroni said in a statement today. The rest will be owned by the majority owner of Coca-Cola’s bottling partner in South Africa.

Read more: SABMiller, Coca-Cola Form Joint Bottling Venture in Africa – Bloomberg.