Business / Companies
Coca-Cola to terminate Delta Beverages Agreement
20 Oct 2016 at 21:30hrs | Views
The Coca-Cola Company has given notice of its intention to terminate the Bottlers' Agreements with Delta Beverages and its associate Schweppes Holdings Africa Limited.
This follows the combination of Anheuser-Busch InBev NV/SA (AB InBev) and SABMiller Plc.
AB InBev is a key Pepsi Beverages bottler in Latin America while SABMiller dominated Coke's bottling in Africa. Not only are Coca-Cola and PepsiCo global rivals, but international reports often speculate that Coke is one of the eventual takeover targets of the ever-acquisitive AB InBev.
Source - online