Coca-Cola Company stated its delaying plans to list Coca-Cola Beverages Africa (CCBA) as a publicly-traded company until 2023.
- In April last year, the company first revealed its intention to sell a percentage of its shareholding in CCBA through an initial public offering. The decision is in line with its objective of building a consumer-loved brand and innovation.
- The announcement stated that the exact timing would be attributable to several factors, including macroeconomic conditions.
- The Coca-Cola Company will continue to assess macroeconomic conditions in deciding future timing for an IPO in 2023.
The plans to list an Africa-focused bottler company as an independent public company remain on course.
KO down -2.94%, DJI down -0.11%
Source: The Coca-Cola Company
