Deal Snapshot
Coca-Cola HBC to Acquire Three Cents Beverage Mixer Line
Friday 12 August 2022

Switzerland-based consumer products company Coca-Cola HBC AG's CC Beverages Holdings II B.V. subsidiary has reached an agreement to acquire mixer product line provider ESM Effervescent Sodas Management Ltd. (Three Cents) from S.I.C.C Holding Ltd., a wholly-owned subsidiary of Greece-based Ideal Holdings SA, the company said.

The agreed enterprise value amounts to EUR 45m (USD 46.3m), subject to certain closing adjustments. Completion of the transaction is expected in the second half of 2022 and is subject to customary closing conditions and regulatory approvals.

Date Published: 12/08/2022