Reuters reveals Coca-Cola African bottler’s $3 billion IPO delayed by Ukraine turmoil

1 year ago 8

Business & FinanceHuman Interest

03 May 2022, 8:46 am. 1 minute

Reuters exclusively revealed Coca-Cola’s estimated $3 billion initial public offering for its African bottling unit will likely take place in the third quarter, after market turmoil linked to the war in Ukraine upset plans to list earlier. The flotation of Coca-Cola Beverages Africa would be the biggest on the Johannesburg Stock Exchange since at least 2016 and a major boost for the flagging index.

Article Tags

Topics of Interest: Business & FinanceHuman Interest

Type: Reuters Best

Sectors: Business & FinanceFood & BeverageRetail & Consumer Goods

Regions: Africa

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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