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
Gutsche Family investments
Mega Beverages Company with strong Port Elizabeth roots
The Coca-Cola Company (NYSE:KO), SABMiller plc (LSE:SAB) (JSE:SABJ) and Port Elizabeth based Gutsche Family Investments (GFI, majority shareholders in Coca-Cola Sabco) have agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in Southern and East Africa. The new bottler, Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 per cent of all Coca-Cola beverage volumes in Africa. Africa offers significant … [Read more...] about Mega Beverages Company with strong Port Elizabeth roots
