Coca-Cola plans an IPO for its African bottling unit, Coca-Cola Beverages Africa, in 2022, targeting a $8B valuation with dual listings in Johannesburg and Amsterdam.
Coca-Cola is reportedly planning an initial public offering (IPO) for its African bottling arm, Coca-Cola Beverages Africa, as early as next year. The company is considering a dual listing for the business in Johannesburg and Amsterdam, potentially seeking a valuation of over $8 billion. The plans were previously put on hold, but the company reportedly remains committed to listing the bottling unit as a public company once market conditions improve.
April 29, 2024
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