Coca-Cola is close to finalising deals to sell part of its bottling operations in India to three franchise bottling partners, three officials directly aware of the developments said.
The combined value of the deals in the first phase of the selloff is estimated at Rs 1,500-2,000 crore, one of the
“The company-owned Hindustan Coca-Cola Beverages (HCCB) is in final stages of negotiations to divest its plants to Moon Beverages, Ladhani Group and the Kandhari Group,” another official said. “All three have been longstanding franchise bottlers of Coca-Cola India, and the size of the deals vary depending on the plant capacity and infrastructure.”
The deals are expected to be closed next month.
A Coca-Cola India spokesperson in an email revert said: “This news is speculative and as a matter of policy we do not comment on speculation.”