Coca-Cola acquires full ownership of Philippines bottler from San Miguel Corporation

Wed Feb 21, 2007 5:07pm EST

Co and San Miguel Corporation jointly announced today that The Coca-Cola Co has acquired San Miguel's 65% shareholding in Coca-Cola Bottlers Philippines (CCBPI). CCBPI also owns Cosmos Bottling Company and Philippine Beverages Partners, Inc. San Miguel Corporation was previously the majority shareholder of CCBPI and had management control of the bottler. The Coca-Cola Company now has full ownership of CCBPI. The total consideration of the transaction is US$590 mln.

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