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Coca-Cola products are shown in the company's Philippines' office. ABS-CBN News

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<figure data-feedback="fb:likes,fb:comments" id="isPasted"><img alt="Coca-Cola products are shown in the company&#x27;s Philippines&#x27; office. ABS-CBN News" src="https://od2-image-api.abs-cbn.com/prod/editorImage/1706701341281.png" class="fr-fic fr-dib"/><figcaption>Coca-Cola products are shown in the company&#x27;s Philippines&#x27; office. <em>ABS-CBN News</em></figcaption></figure><p>MANILA — The Philippine Competition Commission has cleared the joint acquisition of Coca-Cola Beverages Philippines by Aboitiz Equity Ventures and Coca-Cola Europacific Partners (CCEP). </p><p>Aboitiz told the Philippine Stock Exchange that, on Tuesday, the two entities secured the antitrust body&#x27;s approval for the full ownership of Coca-Cola Beverages Philippines at $1.8 billion.</p><p>Aboitiz would hold 40-percent ownership of CCBPI, while CCEP would have a 60-percent stake.</p><p>The parties expect to close the transaction by the end of February, upon the completion of the remaining conditions. </p><p>Aboitiz and CCEP signed the deal for Coca-Cola Beverages Philippines in November.</p><ul><li><a data-cke-saved-href="https://news.abs-cbn.com/business/11/20/23/aboitiz-ccep-sign-deal-to-buy-coca-cola-beverages-ph" href="https://news.abs-cbn.com/business/11/20/23/aboitiz-ccep-sign-deal-to-buy-coca-cola-beverages-ph">Aboitiz, CCEP sign deal to buy Coca-Cola Beverages PH</a></li></ul><p>The company said it would be well positioned to support CCBP’s growth ambition given the synergies that could be generated from AEV’s other businesses.</p><p>&quot;The proposed acquisition would build on AEV’s portfolio diversification strategy to enter the branded consumer goods space,&quot; it added. </p><div><strong>RELATED STORY:</strong></div><figure><iframe height="315" src="https://www.youtube.com/embed/jhtlq4q6Zk4?enablejsapi=1" width="560"></iframe></figure><p>Watch more News on <a data-cke-saved-href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></p><div><br/></div><div><br/></div>

<p>The PH Competition Commission has cleared the joint acquisition of Coca-Cola Beverages Philippines by Aboitiz Equity Ventures and Coca-Cola Europacific Partners. </p>

The PH Competition Commission has cleared the joint acquisition of Coca-Cola Beverages Philippines by Aboitiz Equity Ventures and Coca-Cola Europacific Partners.

Competition commission clears Aboitiz, CCEP deal to buy Coca-Cola Beverages PH

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Competition commission clears Aboitiz, CCEP deal to buy Coca-Cola Beverages PH

ABS-CBN News

Published Jan 31, 2024 07:43 PM PHT

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