CCEP and Aboitiz Equity Ventures receive regulatory approval to acquire Coca-Cola Beverages Philippines, Inc.

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Coca-Cola Europacific Partners (CCEP) today confirms it has, together with Aboitiz Equity Ventures Inc. (AEV), received regulatory approval from the Philippines Competition Commission (PCC) to jointly acquire Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO).

  • Further to the announcements on 2 August and 20 November 2023 (see links below), CCEP today announces it has, together with AEV, received regulatory approval from the PCC, to acquire 100% of CCBPI from KO
  • The transaction is expected to close towards the end of February 2024. Further updates will be provided in due course.