Coca-Cola Europacific Partners (CCEP) confirmed it has, together with Aboitiz Equity Ventures Inc. (AEV), received regulatory approval from the Philippines Competition Commission (PCC) to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). Further to the announcements on 2 August and 20 November 2023, CCEP on January 30, 2024, announced 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.
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5-day change | 1st Jan Change | ||
68 EUR | +1.80% | +1.04% | +12.96% |
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Stocks mentioned in the article
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Capi.
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68 EUR | +1.80% | +1.04% | 33.14B | ||
40 PHP | +1.01% | -4.76% | 3.88B | ||
EPS Revisions
1st Jan change | Capi. | |
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+12.96% | 33.14B | |
+5.18% | 20.89B | |
-.--% | 12.72B | |
0.00% | 2.58B | |
-4.55% | 1.71B | |
+15.01% | 805M | |
+53.54% | 207M |
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- Coca-Cola Europacific Partners and Aboitiz Equity Ventures Inc. Receive Regulatory Approval from the Philippines Competition Commission to Jointly Acquire Coca-Cola Beverages Philippines, Inc