Coca Cola Takes Over Ownership Of Chivita
Global beverage agency Coca-Cola Company has acquired Chi Ltd. in Nigeria.
Coca-Cola first launched a minority funding in Chi three years up to now and, as deliberate, has now acquired full possession of the company.
Chi is acknowledged in West Africa as n progressive, fast-growing chief in rising beverage courses, along with juices, value-added dairy and iced tea.
The agency, primarily based in Lagos, Nigeria, in 1980, produces juice beneath the Chivita mannequin and value-added dairy beneath the Hollandia mannequin, amongst many completely different merchandise.
Coca-Cola acquired a 40 p.c stake in Chi in 2016 from Tropical General Investments Group, the holding agency for Chi Ltd. Juices and value-added dairy courses rank among the many many fastest-growing beverage segments in Nigeria and Africa.
This acquisition further indicators Coca-Cola’s optimism about Africa’s shopper different and a dedication to its long-term funding and progress plan on the continent, the place it has been present for larger than 90 years.
“Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse range of beverages perfectly complements our existing portfolio, enabling us to accelerate expansion into new categories and grow our business in Africa,” talked about Peter Njonjo, president of the West Africa enterprise unit of Coca-Cola.
We will assist the Chi administration workforce in establishing on the company’s excellent heritage and achievements, whereas using the scale of the Coca-Cola system to repeat their success in further markets all through Africa.”
JOBS RECOMMENDED 4 YOU
- Federal Ministry of Water Resources 2020 Job Recruitment (3 Positions)
- DSS Recruitment Application Form 2020 is Out
- Nigeria Air Force 2020/2021 Massive Recruitment for Airmen/Airwomen form (BMTC 2020) is out
- Nigeria Police Force Recruitment form 2020
- United Bank for Africa Plc (UBA) 2020 Job Recruitment –3 Positions
- Massive Recruitment at Fortune Marine & Energy Services Limited
- Massive Recruitment at Oyo state civil service commission
- 2020 Massive Recruitment at The American University of Nigeria
- Ongoing Jobs Recruitment in a Reputable Plastic Manufacturing Company in Lagos
Subscribe to Wee Talk Naija via Email
From Wee Talk Naija
The views expressed in this article are the writer’s, they do not reflect the views of Wee Talk Naija. Please report any fake news or defamatory statements to [email protected]
VIDEO OF THE MONTH: CORONA PALAVAR
MUST WATCH: AKPAN & ODUMA
- BREAKING!! Fresh Crisis Hits EFCC
- NDDC Fraud: Step Aside for Investigation — PDP Tells Akpabio
- Betta Edu Lauds UCTH For A Successful Complex Brain Surgery
- Edo 2020: Group Begs Buhari To Appoint Magu As Treasurer Of APC/Ize-Iyamu Campaign
- REVEALED!! Magu Failed To Submit EFCC Audited Accounts For Four Years
See more posts about
Share this post with your Friends on