Aboitiz Equity Ventures and Coca-Cola Europacific Partners plan to jointly acquire Coca-Cola Beverages Philippines for USD1.8 billion, aiming to strengthen their presence in the growing beverage market.

Information on the Target

Coca-Cola Beverages Philippines, Inc. (CCBP) is a key player in the beverage industry in the Philippines, operating as a subsidiary of Coca-Cola Europacific Partners PLC (CCEP). The company manufactures, markets, and distributes Coca-Cola products, catering to the diverse tastes of the Filipino consumer. With a robust portfolio of beverage offerings, CCBP enjoys significant market share and brand recognition across the country.

This acquisition represents a strategic move for both Aboitiz Equity Ventures, Inc. (AEV) and CCEP, as they seek to strengthen their presence in the rapidly evolving beverage market. By joining forces, they aim to enhance operational efficiencies and expand their product range, thereby positioning CCBP for sustainable growth in the years ahead.

Industry Overview in the Philippines

The beverage industry in the Philippines is a dynamic market, characterized by a wide array of products and strong competition among local and international brands. This sector has experienced consistent growth, driven by c