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BRIEF-Coca-Cola Beverages S.Africa sells 17.5 pct Appletiser stake to African Pioneer Group
May 8, 2017 / 8:21 AM / 3 months ago

BRIEF-Coca-Cola Beverages S.Africa sells 17.5 pct Appletiser stake to African Pioneer Group

1 Min Read

May 8 (Reuters) - Coca Cola Bottling Co Consolidated:

* Has sold 17.5 pct of its shareholding in Appletiser South Africa (ASA) to black owned investment company African Pioneer Group (APG)

* Additional 4 pct has been sold to a new entrant black empowerment partner, Sipho Excellent Madlala, a 20-year veteran of CCBSA

* Through its 17.5 pct shareholding, apg will have a seat on board of Appletiser Further company coverage: (Bengaluru Newsroom)

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