Aboitiz Equity Venture

Coca-Cola Europacific Partners plc has announced that, together with Aboitiz Equity Ventures Inc., the companies have entered into a letter of intent to purchase Coca-Cola Beverages Philippines, Inc. According to a press release by Coca-Cola Europacific Partners, the two companies have agreed and signed a non-binding Term Sheet to purchase Coca-Cola Beverages Philippines for $1.8 billion, with Coca-Cola Europacific Partners as majority owner (60%) and Aboitiz Equity Ventures with a …