Company Of The Day: Coca-Cola

What?

Coca-Cola (NYSE:KO)  is looking to take its African bottling operations public next year, per a report from Bloomberg. Coca-Cola Beverages Africa has been fairing quite well despite the Covid-19 headwinds.

So What?

Coca-Cola is looking at a valuation of at least $8.1 billion for the business. Coca-Cola holds 66.5% in the African unit after it paid roughly $3 billion to buy Anheuser-Busch InBev out of a bottling joint venture back in 2016.

See Our Complete Analysis For Coca Cola

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