Cabinet has welcomed the agreement on public interest conditions for the Coca-Cola merger, which will support efforts for greater industrialisation in the South African economy. The Coca-Cola Beverages Africa (CCBA) merger parties – SABMiller plc, The Coca-Cola Company and Port Elizabeth based Gutsche Family Investments – this week received approval from the South African Competition Tribunal, with agreed conditions, to form Africa’s largest soft-drink beverage operation. The tribunal’s … [Read more...] about GFI deal applauded in Cabinet
GFI
GFI deal welcomed by government
Economic Development Minister Ebrahim Patel has welcomed commitments between the Coca-Cola Beverages Africa (CCBA) merger parties – SABMiller Plc, The Coca-Cola Company and Port Elizabeth based Gutsche Family Investments (GFI), as well as the South African government. The commitments will be recommended to the Competition Tribunal in connection with the proposed creation of Africa's largest soft drink beverage bottling operation. According to the Department of Economic Development, the … [Read more...] about GFI deal welcomed by government
