Coca-Cola Delays Plans to List Coca-Cola Beverages Africa Until 2023
15 June 2022 - 12:24AM
Dow Jones News
By Chris Wack
Coca-Cola Co. said Tuesday it is delaying plans to list
Coca-Cola Beverages Africa as a publicly traded company until
2023.
In April 2021, Coca-Cola first disclosed its intention to sell a
portion of its shareholding in CCBA via an initial public
offering.
The company said it will continue to evaluate macroeconomic
conditions in deciding future timing for an IPO in 2023. Plans to
have an Africa-focused bottler traded as an independent public
company remain unchanged.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 14, 2022 10:09 ET (14:09 GMT)
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