Coca-Cola SA triples employee stake in business in boost to BEE status

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

México Noticias Noticias

A total of 8,000 employees who already held 5% of the private company will now own 15% and, along with other partners, will be 20% black-owned 🔒

Coca-Cola Beverages SA on Friday announced that it would transfer an additional 10% of shares to its employees, in a move to enhance its black economic empowerment status and meet its revised merger conditions.

The announcement means that 8,000 employees who already held 5% of the private company will now own 15% and, along with other partners, the company will be 20% black-owned. The value of the transaction was not disclosed. It will be vendor financed and run for 10 years. Employees will receive trickle dividends from day one...

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

It's more of a dream come through, creating multiple success of income. Truly happy with this great results I'm getting working with Mrs Linda with crypto trading which i have benefited a lot with my profits I got through her linderstouffer4

I never believed I would trade and possibly start earning until I meant this man, Tonyfred42 made returns of all my investments, thanks so much there's nothing more greatful than this🙏🙏🙏

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares