Coca-Cola, AB InBev reach agreement on Africa business
date:Dec 29, 2016
's interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed amount.

The transactions are subject to the relevant regulatory and minority approvals and are expected to close by the end of 2017.

The Coca-Cola Co. plans to hold all of these territories temporarily until they can be refranchised to other partners. The Coca-Cola Co.'s intent is to account for the acquired stakes as a discontinued operation for reporting purpose
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