top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Nov - Food Bev - Website Banner - TIJ vs TTO 300x250.gif
Rafaela Sousa

Rafaela Sousa

19 February 2024

Turkey's Coca-Cola Içecek buys Bangladesh bottler for $130m

Turkey's Coca-Cola Içecek buys Bangladesh bottler for $130m

Turkish beverage company Coca-Cola İçecek, alongside its subsidiary CCI International Holland, is set to fully acquire Coca-Cola Bangladesh Beverages (CCBB) for $130 million. CCI will be the main direct shareholder of this acquisition. Founded in 2009, CCBB is one of the two companies engaged in the production, sale and distribution of Coca-Cola's sparkling and still brands in Bangladesh. It serves approximately 100 million consumers in Bangladesh's Rangpur, Raj Shahi, Mymensingh and Dhaka regions. Coca-Cola said that the acquisition will be financed using the existing cash resources of CCI International Holland, and it is expected to have a "modest impact" on Coca-Cola İçecek's net leverage. Karim Yahi, CEO of CCI, said, “We are very pleased to sign the share purchase agreement to acquire CCBB, which we see as a great opportunity to enter a market with significant future potential, where growth and value can be generated by deploying CCI’s core capabilities". "This acquisition also creates a more diverse geographical footprint for CCI and solidifies its alignment with The Coca-Cola Company.”

bottom of page