Coca-Cola is gearing up for a potential initial public offering of its African bottling business as soon as next year, after previously putting the plans on hold, people with knowledge of the matter said.
Coca-Cola owns 66.5% of the bottling unit while the remaining 33.5% is owned by Gutsche Family Investments. Deliberations are at an early stage and details of the offering could change, the people said. Coca-Cola first announced in 2021 its intention to sell a portion of its shareholding in the unit via an IPO, but the plan was put on ice the following year.
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