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Coca-Cola sells Chivita and Hollandia to UAC of Nigeria, plans $1B investment over five years.
Coca-Cola has agreed to sell its Chivita and Hollandia businesses in Nigeria to UAC of Nigeria PLC.
The deal, pending regulatory approval, supports Coca-Cola's strategy to focus on high-potential brands and run a flexible business model.
Coca-Cola also announced a $1 billion investment in Nigeria over five years, contingent on a stable business environment.
The acquisition expands UAC's presence in Nigeria's consumer goods sector.
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Coca-Cola vende Chivita y Hollandia a UAC de Nigeria, planea una inversión de $ 1B en cinco años.