Coca-Cola Europacific Partners announces proposed acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners (CCEP) has, together with Aboitiz Equity Ventures, entered into a Letter of Intent to jointly acquire Coca-Cola Beverages Philippines from The Coca-Cola Company.
Coca-Cola Europacific Partners (CCEP) was formed via Coca-Cola European Partners’ acquisition of Coca-Cola Amatil in 2021: covering key markets such as Indonesia, Australia and New Zealand. The proposed acquisition of Coca-Cola Beverages Philippines for $1.8bn would further build on this expansion.
The acquisition would position the company as the world’s largest Coca-Cola bottler by both revenue and volume. The Philippines is the second largest market in Southeast Asia: with a large and growing population (the country’s 115m people make it the 13th largest globally with around 1.5% per annum population growth).
