The Coca-Cola Company is investing $500m in Australia’s Coca-Cola Amatil to help it expand in Indonesia.
Coca-Cola Amatil has signed a deal under which The Coca-Cola Company will take a 29.4% stake in the company’s Indonesian subsidiary. CCA said the investment would help accelerate the expansion of production, warehousing and cold drink infrastructure in Indonesia.
The Coca-Cola Company already owns a 29.2% stake in Coca-Cola Amatil.
In a statement, Coca-Cola Amatil group managing director Alison Watkins said the deal would strengthen the company’s market position in Indonesia. “With a population of more than 240 million and a fast-growing emerging middle class, Indonesia is a key growth market for CCA.”
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