REUTERS/Benoit TessierSlaughter and May, Villaraza & Angangco, Skadden, Arps, Slate, Meagher & Flom, SyCip Salazar Hernandez & Gatmaitan have advised the buyers on a $1.8 billion acquisition of Coca-Cola Beverages Philippines (CCBPI) from Coca-Cola. Slaughters and V&A represented bottler Coca-Cola Europacific Partners (CCEP), while Skadden and SyCipLaw acted for Aboitiz Equity Ventures. With this acquisition, CCEP aims to become the world's largest Coca-Cola bottler by revenue and volumes by expanding in Asia, Reuters reported. The deal will be in cash, and the ownership of CCBPI will be divided 60:40 between CCEP and Aboitiz upon completion, Reuters added. Meanwhile, the Skadden team was headed by partners Jonathan Stone and Rajeev Duggal, and includes partners Andrew Foster, Rory McAlpine and Victor Hollender, and partner Arlene M. Maneja shepherded the SyCipLaw team.
Source: The Star November 21, 2023 05:51 UTC