HC Securities & Investments co-advised MAC Beverages Ltd on the sale of their 52.7% stake in Coca Cola Bottling Company of Egypt

HC Securities & Investments acted as co-advisor to MAC Beverages Ltd and its affiliates (“MBL”) on the sale of their 52.7% stake in Coca-Cola Bottling Company of Egypt (“CCBCE”), as a part of Coca-Cola HBC Holdings B.V (“CCH Holdings”) acquisition of 94.7% of total CCBCE’s shares for an agreed total combined purchase price of US$ 427 million, subject to certain adjustments.

The parties have entered into definitive agreements. The transaction is expected to close in late Q4 2021, subject to satisfaction of various conditions, including the receipt of certain lenders consents under CCBCE’s existing loan facilities and certain regulatory and other conditions.

Mohamed Aburawi, Head of Investment Banking at HC commented: “We are pleased to support MBL on this landmark transaction. HC has developed a long term relationship with MBL for more than a decade advising MBL on a number of high profile transactions in the F&B and packaging sectors. This transaction testifies of Egypt’s attractiveness as a promising investment destination offering great business opportunities appealing to prominent international strategic investors”