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Coca-Cola Partners with Jubilant Bhartia Group to Sell 40% Stake in India Bottling Business
Contract Type
partnership
UxbridgeManufacturingFood and BeverageHospitalityFood ProcessingDescription
Coca-Cola has entered into a strategic partnership with Jubilant Bhartia Group, selling a 40% stake in Hindustan Coca-Cola Holdings (HCCH) for ₹12,500 crore. This move aligns with Coca-Cola's global refranchising strategy and aims to enhance its presence in India, its fifth-largest market. The deal also marks a significant entry into the bottling sector for Jubilant Bhartia Group in India, leveraging its operational expertise from businesses like Domino’s and Dunkin’ to boost the growth of Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s largest bottler in India.