Coca-cola europacific partners plc announces proposed joint acquisition of ccbpi

This announcement contains inside information coca-cola europacific partners plc (ccep) today announces it has, together with aboitiz equity ventures inc. (aev), entered into a letter of intent to jointly acquire coca-cola beverages philippines, inc. (ccbpi), a successful business with attractive profitability and growth prospects, from the coca-cola company (ko) the proposed acquisition would build on ccep's successful expansion into australia, pacific & indonesia (api) in 2021, positioning it as the world's largest coca-cola bottler by both revenue and volume, supporting its long-term growth strategy and focus on driving shareholder value; ccep has signed a non-binding term sheet and is in advanced discussions with aev regarding a potential joint transaction, which may lead to the acquisition of ccbpi from ko, based on a 60:40 ownership structure between ccep and aev; and ccep and aev have entered into a non-binding letter of intent with ko, setting out the terms on which ccep and aev propose to acquire ko's 100% ownership in ccbpi, consistent with ko's stated intent to divest bottling operations uxbridge, uk / accesswire / august 2, 2023 / ccep's proposed acquisition of ccbpi, with aev, one of the leading conglomerates in the local market, offers a great opportunity to co-acquire an established, well-run business with attractive profitability and growth prospects. the proposed transaction is a further step for ccep to create a more diverse footprint within its existing api business segment and support indonesia's transformation journey.
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