UAC of Nigeria to acquire Chivita|Hollandia from The Coca‑Cola Company.

UAC of Nigeria, a Nigerian publicly listed company, agreed to acquire Chivita|Hollandia, a food and beverage player in Nigeria, from The Coca‑Cola Company, a global beverage company. Financial terms were not disclosed. “As a company with a strong presence in Africa, we are deeply committed to the continent's growth. We are pleased to announce the acquisition of Chivita|Hollandia (CHI Limited), a leading dairy and juice business in the region. This acquisition presents significant potential to build on Chivita|Hollandia’s (CHI Limited’s) legacy of excellence and innovation. I would like to thank the management and staff of Chivita|Hollandia (CHI Limited) and look forward to working with the team to support the next phase of growth,” Fola Aiyesimoju, UAC Group Managing Director.