Business
Notice of EGM
Coca-Cola HBC AG has announced an Extraordinary General Meeting to be held on January 19, 2026, to approve resolutions related to its acquisition of 75% of Coca-Cola Beverages Africa (CCBA). The acquisition involves purchasing 41.52% from TCCC Sellers for US$1.3 billion and 33.48% from GFI for approximately US$308 million and 21,027,676 shares. Shareholders will vote on amendments to the Articles of Association to facilitate the acquisition, including capital band provisions, the use of treasury shares, and governance changes stemming from a shareholder agreement with The Coca-Cola Company. Kar-Tess Holding and the TCCC Shareholder, representing approximately 45.0% of voting rights, have irrevocably undertaken to vote in favour of these resolutions. Disclaimer*
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n\n FOR IMMEDIATE RELEASE\nCoca-Cola HBC AG\nAnnouncement of extraordinary general meeting to be held on 19 January 2026, proposed adoption of new Articles\n \nZug, Switzerland - 17 December 2025 - The Board of Directors of Coca-Cola HBC AG (\"Coca-Cola HBC\") has resolved to convene its Extraordinary General Meeting (\"EGM\") in connection with its acquisition of Coca-Cola Beverages Africa to be held on Monday, 19 January 2026 at 09.30 a.m. CET, at Turmstrasse 26, 6312 Steinhausen, Switzerland.\nBackground\nAs announced on 21 October 2025, Coca-Cola HBC AG (the \"Company\") agreed to acquire 75% of the equity interest of Coca-Cola Beverages Africa Pty (\"CCBA\") by entering into a sale and purchase agreement dated 21 October 2025 between the Company, Coca-Cola HBC Holdings BV (\"CCHBV\"), European Refreshments Unlimited Company (\"TCCC-1\") and Coca-Cola Holdings Africa Ltd (\"CCHA\", together with TCCC-1, the \"TCCC Sellers\"), Gutsche Family Investments Pty (\"GFI\"), CCBA and The Coca-Cola Company (as guarantor) (the \"Sale and Purchase Agreement\"). Pursuant to the Sale and Purchase Agreement, the Company and CCHBV have agreed to acquire: (i) a 41.52% equity interest in CCBA from TCCC Sellers for US$1.3 billion in cash (the \"TCCC Acquisition\"); and (ii) a 33.48% equity interest in CCBA from GFI (representing GFI's entire interest in CCBA) for approximately US$308 million in cash and 21,027,676 Company registered shares (the \"Purchase Consideration Shares\"; such acquisition the \"GFI Acquisition\"; and the GFI Acquisition together with the TCCC Acquisition, the \"Acquisition\"). At the time of entering into the Sale and Purchase Agreement, the equity value for 100% of CCBA was valued at US$3.4 billion.\nIn addition: (i) TCCC-1 has agreed to grant CCHBV a call option with a five-year call period, exercisable between three and five years following completion of the Sale and Purchase Agreement (\"Completion\"), under which CCHBV will be able to purchase up to the remaining 25% equity interest in CCBA which will still be owned by TCCC-1 following Completion (the \"Call Option\"); and (ii) CCHBV has agreed to grant TCCC-1 a put option enabling TCCC-1 to sell its remaining equity interest in CCBA to CCHBV between three and a half and six years following Completion (the \"Put Option\", together with the Cal...