M&A M&A
Jubilant Bhartia Group to acquire 40% stake in India’s largest Coca-Cola bottler
Source Business Line (opens in a new tab)Press Release, (opens in a new tab)
Jubilant Bhartia Group , via Jubilant Beverages Limited, is to acquire a 40% stake in Hindustan Coca-Cola Holdings Private Limited, India (HCCH) . HCCH is the parent company of Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), the largest Coca-Cola bottler in India. The Jubilant Bhartia Group was advised by Morgan Stanley as the exclusive financial advisor and Shardul Amarchand Mangaldas & Co as the legal counsel.The sale is in line with US-headquartered Coca-Cola's global asset-light strategy. The company has previously divested its operation in India’s Northern and Eastern regions to other independent bottlers.
Company website ↗ (opens in a new tab)
In Jan-24 Hindustan Coca-Cola Beverages had divested its business to Kandhari Global Beverages, SLMG Beverages and Kandhari Global Beverages