Coca-Cola Co. eyes $8.1-billion valuation in Philipp Gutsche-led Coca-Cola Beverages Africa 2022 IPO

The Coca-Cola Company is aiming for a 7-billion-euro ($8.1 billion) valuation for its Coca-Cola Beverages Africa subsidiary in its IPO on Euronext Amsterdam in 2022.

It has appointed leading banks, including Bank of America Corporation, Morgan Stanley and Standard Bank Group Limited, to run the IPO, Bloomberg reported. Although talks are still ongoing, investor appetite and market conditions will determine the final timing and size of the listing.

Coca-Cola Co. is a multinational beverage corporation founded more than 100 years ago and incorporated under Delaware’s General Corporation Law. The company’s interests span manufacturing, retailing and marketing nonalcoholic beverage concentrates, syrups and alcoholic beverages.

Coca-Cola Co. is the parent company of Coca-Cola Beverages Africa. It holds 66.5 percent of its African subsidiary, having acquired a stake in Anheuser-Busch InBev through the African bottling joint venture for $3.15 billion in 2016.

South Africa’s Gutsche Family Investments Pty Limited holds the remaining 33.5 percent, with Philipp Hugo Gutsche serving as the board of the African subsidiary.

Gutsche Family Investments Pty Limited

Gutsche Family Investments Pty Limited operates as a real estate investment company. It develops and invests in office, retail and shopping centers, as well as industrial properties. It serves customers in South Africa.

Gutsche also chairs the company’s board.