Established in 2009, CCBB is described as being involved in the production, sale, and distribution of Coca-Cola’s sparkling and still brands in Bangladesh. The firm has over 300 employees, one bottling plant, and three main warehouses.

Commenting on the move, CCI CEO Karim Yahi said: “We are very pleased to sign the share purchase agreement to acquire CCBB, which we see as a great opportunity to enter a market with significant future potential, where growth and value can be generated by deploying CCI’s core capabilities”.

“This acquisition also creates a more diverse geographical footprint for CCI and solidifies its alignment with The Coca-Cola Company”, he added.

The proposed acquisition is subject to regulatory approval in Dhaka.

Source: FoodBev / The Financial Express / CCI

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