Reportedly, Coca-Cola Company (KO) had delayed the plans of an estimated $3 billion initial public offering (IPO) of its African bottling unit to 2023 due to turbulence in the market.
The flotation of the division, Coca-Cola Beverages Africa is expected to be the biggest on the Johannesburg Stock Exchange since at least 2016 and a major boost for the flagging index. However, the company informed its plans to take the bottling unit public remains unchanged and that it would evaluate macroeconomic conditions before declaring the timing.
Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere. To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.