Coca-Cola Company acquired two Kenyan bottling firms from Centum Invesments for $192m.

The Coca-Cola completed the acquisition of two Kenyan bottling firms, Almasi Beverages and Nairobi Bottlers, from Centum Invesments, a public East African investment company, for $192m. “The achieved exit valuation speaks to the success of our investment cycle and portfolio management strategy that included consolidation of 3 bottlers into Almasi Beverages and acquisition of a majority stake in the business. The proceeds from these transactions will be applied towards repaying our current $-denominated bank term loans of $75m, which will result in finance cost savings of $7m,” Centum spokesperson.