Coca-Cola to end deal with Zimbabwe company

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Harare – Coca-Cola plans to end a bottling deal with brewer Delta Corporation as Anheuser-Busch InBev NV becomes the biggest shareholder in Zimbabwe’s largest company.

The move may have “a material impact on the company’s business”, Harare-based Delta said in an emailed statement on Thursday.

File picture: Jacky Naegelen. Credit: REUTERS

The maker of Chibuku sorghum beer was about 23 percent-owned by SABMiller, taken over by AB InBev in a $103 billion deal to create the world’s largest brewer last month.

Coca-Cola has also signalled an intent to buy out AB InBev from an African bottling joint venture originally agreed to with SABMiller. AB InBev’s ultimate goal is possible acquisition of Atlanta-based Coca-Cola, HSBC said in a note on September 29.