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Our team secured the approval of TCCC's exercise of its call option over SABMiller's majority stake in Coca-Cola Beverages Africa.

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Our team secured the approval of TCCC's exercise of its call option over SABMiller's majority stake in Coca-Cola Beverages Africa.

Cliffe Dekker Hofmeyr represented Coca Cola,the iconic, global leading drinks company.

24 May 2018 1 min read Featured work

Following our work for TCCC in the creation of Africa's largest Coca-Cola-authorised bottler (Coca-Cola Beverages Africa) in 2016, our competition team secured the approval of TCCC's exercise of its call option over SABMiller's majority stake in Coca-Cola Beverages Africa. The acquisition of SABMiller by ABInbev triggered a call option by TCCC over SABMiller's majority stake in CCBA. The transaction required notification to the competition authorities in South Africa, Namibia, Tanzania, Kenya and the COMESA Competition Commission. Our experienced team lead the competition approval work stream, and secured approval from all jurisdictions. The matter required extensive negotiation with the Minister of Economic Development regarding proposed increases in BEE shareholding of CCBA.

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