Coca-Cola Europacific Partners (CCEP), the Coca-Cola bottler chaired by the Catalan businesswoman Sol Daurella, will buy a majority stake in the brand’s Philippine bottler in an operation valued at 1,640 million euros -1,800 million dollars-, according to It was announced this Wednesday.
CCEP will take over 60% of the capital and the remaining 40% will remain in the hands of the Filipino group of Basque origin Aboitiz Equity Ventures, which until now owned it together with The Coca-Cola Company.
The operation will make CCEP the largest Coca-Cola bottler by product volume in the world, the first position it already held based on revenue.
The purchase, which is still pending due diligence, already underway, must receive the go-ahead from regulators. With cash payment, it would be completed by the end of the year. It will mean a new step in the internationalization of the company, which in a decade has gone from European to global business.
The Philippine bottler, Coca-Cola Beverages Philippines, was part of the Bottling Investments Group, which was born in 2006 from the merger of several Asian bottlers. CCEP contributes 60% of the capital in the operation and will consolidate the Philippine firm in its accounts. Coca-Cola Europacific Partners expands with the purchase its presence in Asia, where it already had activity in Indonesia. The Philippine company operates in a market of 115 million inhabitants, the second largest in Asia after Indonesia. In 2022 it obtained sales of 1,550 million euros, about 1,700 million dollars.
CCEP, with 33,000 employees, supplies 600 million consumers in 29 countries, which would now be 30. In addition to sugary drinks, its range includes energy drinks, derivatives of tea and coffee, water and isotonic drinks, and a small portion with alcohol. He also has business in coffee. The current price values ??the company at more than 26,300 million, according to data from BME. CCEP shares are listed in Madrid, New York, London and Amsterdam.
The company is chaired by Sol Daurella. The Barcelona businesswoman holds her stake in CCEP through Olive Partners, a company where the shareholder families of the original Spanish bottling companies are represented and in which the Daurella family has a majority. Olive Partners controls 35% of CCEP’s shareholding, The Coca-Cola Company owns 19% and the remaining 45% is free float.
Precisely this Wednesday the company has presented its results up to the middle of the year. Revenues grew 8.5% to 8,977 million euros, and profit increased 26.5%, to 854 million. The Iberian market contributes 1,541 million to sales, 12.5% ??more.
In the purchase CCEP has been advised by Rothschild
The operation is one more step in the internationalization of the seven Spanish bottling companies that merged in 2013 to create Coca-Cola Iberian Partners. In 2015 there was a second major integration at the European level, with firms operating in Spain, Portugal, Germany, France or Belgium, among others, which gave rise to Coca-Cola European Partners.
Finally, with the purchase of the Australian Amatil for 5,200 million euros, they became Coca-Cola Europacific Partners in 2021. A structure with which it billed 17,300 million euros in 2022, with an operating profit of 2,100 million.
At the end of the last financial year, CCEP had 81 factories, with 16 in Germany and 13 in Australia, in the lead, compared to 11 in the Iberian region.
