# Swiss-based Coca-Cola HBC AG has bought a majority stake in Coca-Cola Beverages Africa for 45-billion-rand, to create the second-largest bottling partner for the fizzy drink by volume globally. Coca-Cola HBC, founded in 1951 in Nigeria as the Nigerian Bottling Company, now headquartered in Switzerland, operates in 29 countries on three continents. The group will buy 75-percent of Johannesburg-based CCBA, adding 14 African markets to its portfolio. Coca-Cola HBC CEO, Zoran Bogdanovic, says the acquisition is about growth and jobs won’t be affected in South Africa.
Coca-Cola creates Africa’s biggest beverages group with takeover of Coca-Cola Beverages Africa