Coca-Cola Europacific, Aboitiz completes Coca-Cola PH acquisition

They will hold a 60:40 ownership.

Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures completed the acquisition of Coca-Cola Beverages Philippines from The Coca-Cola Company for $1.8b.

In a statement, CCEP said it will hold a majority stake at Cpca-Cola Philipines at 60%, whilst Aboitiz will hold the remaining 40%.

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CCEP said the transaction is in line with its expansion into Australia, Pacific & Indonesia in 2021, with the segment now renamed as Australia, Pacific & South East Asia.

“It provides the opportunity to leverage best practice and talent, including supporting Indonesia’s transformation journey. It is therefore aligned with CCEP’s aim of driving

sustainable and stronger growth through diversification and scale, and underpins the company’s mid-term strategic objectives,” CCEP said.