Coke moves away from AB InBev with Africa bottling deal

Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa, and keep the beer giant at arm’s length.PHOTO: COURTESY

Coca-Cola Co has reached a deal to buy Anheuser-Busch InBev’s majority stake in their African bottling venture for $3.15 billion (Sh322 billion).

They will hold onto the stake it until it finds a new owner, the companies said on Wednesday.