ABOITIZ Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners PLC (CCEP) have inked a nonbinding agreement with The Coca-Cola Company (TCCC) to acquire Coca-Cola Beverages Philippines Inc. (CCBP).
Philippine conglomerate Aboitz Equity Ventures (AEV) and Coca-Cola Europacific Partners (CCEP) intend to jointly acquire Coca-Cola Beverages Philippines (CCBP) for USD$1.8 billion, according to a statement by the companies.