Beverages
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Kenya Breweries unveils US$9.2m fund to boost local sourcing of raw materials, Diageo SA offers post-riots support
KENYA – Leading alcohol manufacturer Kenya Breweries Limited (KBL), has unveiled a KSh1 billion (US$9.2 million) fund to promote commercial production of a traditional sorghum…
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Coca-Cola to close down 2 US bottling plants as part of asset right strategy
US – Atlanta-based multinational bottling company Coca-Cola has announced plans to close down to bottling facilities in the United States as part of its “asset right”…
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European vodka maker Stock Spirits agrees to US$1Bn takeover by CVC-affiliated funds
UK – Vodka maker Stock Spirits Group has agreed to a takeover offer valuing it at £767 million ($1.06 billion) from CVC Capital Partners-affiliated funds. Stock Spirits…
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Coca-Cola HBC eyes entry into Africa’s second largest non-alcoholic ready to drink market Egypt
EGYPT – Coca-Cola HBC, the world’s third-largest Coca-Cola anchor bottler is seeking to acquire a majority stake in Coca-Cola Bottling Company of Egypt (CCBCE) through…
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Independent alcohol company DGB takes over ownership of South African century old wine business Backsberg
SOUTH AFRICA – DGB, one of South Africa’s largest independent wine and spirit producer, has expanded its portfolio with acquisition of majority stake in Backsberg,…