Coca-Cola Company To Delay Listing Of Coca-Cola Beverages Africa

The Coca-Cola Company announced the company is delaying plans to list Coca-Cola Beverages Africa as a publicly traded company. However, the company noted that its plans to have an Africa-focused bottler traded as an independent public company remain unchanged.

In April 2021, the Coca-Cola Company first disclosed its plan to sell a portion of its shareholding in Coca-Cola Beverages Africa via an initial public offering. The Coca-Cola Company said it will continue to evaluate macroeconomic conditions in deciding future timing for an IPO in 2023.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Foxconn, Apple Inc.'s key iPhone assembler, expects that its major plant in China, which is being hit hard by worker unrest following Covid-19 spread and related restrictions, would restart full production around late December to early January, Reuters reported citing a Foxconn source. Nestle Purina PetCare Co. has recalled a limited amount of certain prescription wet dog food citing labeling error, the U.S. Food and Drug Administration said. The recall involves Purina Pro Plan Veterinary Diets EN Gastroenteric Low Fat or PPVD EN Low Fat wet dog food that comes in 13.4 oz cans. Exportadora Copramar is recalling 1260 cases of James Farm frozen raspberries citing potential to be contaminated with Hepatitis A, the U.S. Food and Drug Administration said. The recall involves James Farm branded frozen raspberries identified by UPC Code: 76069501010 and Lot Code - 22-165.
Follow RTT