Key Developments: The Coca-Cola Co (KO)

KO on New York Consolidated

16 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Coca Cola Femsa SAB de CV Signs Definitive Agreement to Acquire 51% of The Coca-Cola Company's Philippines' Bottling Operation
Friday, 14 Dec 2012 12:01am EST 

Coca Cola Femsa SAB de CV announced that it have signed a definitive agreement for Coca-Cola FEMSA to acquire 51% of Coca-Cola Bottlers Philippines, Inc. (CCBPI) for an amount of USD688.5 million in an all-cash transaction. This purchase price represents an aggregate enterprise value for 100% of the bottler of USD1,350 million which results in a 2012 projected EBITDA multiple of approximately 13.5 times. As part of the agreement, Coca-Cola FEMSA will have an option to acquire the remaining 49% of CCBPI at any time during the seven years following the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six. The transaction is expected to close in early 2013.  Full Article

The Coca-Cola Co Ups Dairy Ante With Stake In Core Power-Reuters
Tuesday, 4 Dec 2012 01:29pm EST 

Reuters reported that The Coca-Cola Co is taking an ownership stake in the maker of the Core Power protein drink as the soft drink Company increases its bet on milk-based beverages. Coca-Cola said it and Select Milk Producers Inc, a cooperative of dairy farmers, were taking equal stakes in the Core Power maker, which will be known as Fair Oaks Farms Brands LLC.  Full Article

The Coca-Cola Co Announces New Share Repurchase Program
Thursday, 18 Oct 2012 03:00pm EDT 

The Coca-Cola Co announced that the Board of Directors has authorized a new share repurchase program of 500 million additional shares of the Company`s common stock.  Full Article

Sanofi SA and The Coca-Cola Co Set Up 50-50 Partnership to Launch Drinks Carrying Well-Being And Beauty Claims-Dow Jones
Tuesday, 16 Oct 2012 01:30pm EDT 

Dow Jones reported that Sanofi SA and The Coca-Cola Co have set up a 50-50 partnership to launch a range of drinks carrying various well-being and beauty claims as part of parallel diversification efforts. The drinks, called Beautific Oenobiol, after Sanofi's beauty nutrition brand, are being launched in French pharmacies this autumn, the companies said. In a later stage, distribution could be extended to other European countries, they said.  Full Article

PureCircle Ltd Announcement Agreements With The Coca-Cola Co
Friday, 28 Sep 2012 02:01am EDT 

PureCircle Ltd announced that it has entered into two interdependent agreements with The Coca-Cola Co (TCCC). The first is a joint development agreement which allows for the continued joint investigation and development of a stevia sweetener product as a commercially viable food ingredient. The second agreement is an ingredient supply agreement where the Company is appointed the supplier of certain stevia products (Products). The agreement establishes a framework pursuant to which TCCC shall, based on its requirements, purchase the Products from the Company at prices to be agreed between the parties, subject to pre-agreed pricing parameters, for a five year period.  Full Article

JBF Industries Ltd Enters Into Partnership With The Coca-Cola Co For Setting Up Of New Production Facility In Brazil
Thursday, 27 Sep 2012 06:29am EDT 

JBF Industries Ltd announced that it is entering into a partnership with The Coca-Cola Co to set up production facility for Bio Glycol (MEG) in Brazil. It is estimated that the facility will produce 500,000 Tons of material per year by using locally sourced Ethanol from sugarcane, a renewable source of raw material and eco friendly route.  Full Article

The Coca-Cola Co Completes Transaction With Aujan Industries
Monday, 24 Sep 2012 09:30am EDT 

The Coca-Cola Co announced that it has completed the transaction to acquire approximately half of the equity in Aujan Industries’ beverage business, one of the largest independent beverage companies in the Middle East. The transaction was initially announced in December 2011. With the completion of the transaction, The Coca-Cola Company has acquired 50 % of the Aujan entity that holds the rights to Aujan-owned brands, and 49 % of Aujan’s bottling and distribution operations, excluding its operations in Iran.  Full Article

The Coca-Cola Co Announces Quarterly Dividend
Monday, 30 Jul 2012 08:00am EDT 

The Coca-Cola Co announced that the board of directors has declared a regular quarterly dividend of $0.255 per common share. The dividend is payable October 1, 2012, to shareowners of record as of September 14, 2012.  Full Article

Six Flags Entertainment Corp Extends And Expands Partnership With The Coca-Cola Co
Wednesday, 18 Jul 2012 07:01am EDT 

Six Flags Entertainment Corp and The Coca-Cola Co announced a 10-year extension to their partnership agreement, designating Coca-Cola as Six Flags' Official Beverage Sponsor for all domestic parks. The new agreement begins January 2013 and builds on a 50-year relationship that began at Six Flags Over Texas, Six Flags' flagship park. The association includes fully integrated marketing, food service and sponsorship elements at every property and exclusive product distribution in restaurants, dining locations and mobile carts for Coca-Cola, Diet Coke, Sprite, Coke Zero, PowerAde and Dasani bottled water, along with energy drinks, teas, juices and all frozen carbonated beverages. The companies will work collaboratively on launching beverage innovation concepts, including the expansion of the Coca-Cola Freestyle Zone, which first opened at Six Flags Great Adventure in Jackson, NJ in 2011.  Full Article

The Coca-Cola Co Signs Deal With Fair Oaks Farms Brands-Reuters
Wednesday, 20 Jun 2012 11:00pm EDT 

Reuters reported that The Coca-Cola Co has signed a deal with Fair Oaks Farms Brands to distribute the Core Power range of high-protein energy drinks in the United States, as the soft drink giant moves into the dairy products market. Core Power, which is endorsed by triathlon athletes including Craig Alexander and Laura Bennett, will be stocked in about 10,000 grocery, convenience and specialty stores. Fair Oaks is owned by Select Milk Producers, a southwestern milk co-operative.  Full Article


Small is beautiful for Coca-Cola as volumes soar in China

- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.

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