The Coca-Cola Company (NYSE:KO) has tapped investment bankers at Kotak, HDFC Group and Citibank, among others, for a proposed initial public offering (IPO) of its Indian bottling company, Hindustan Coca-Cola Beverages Private Limited (HCCB), to raise $1 billion officials with direct knowledge of developments told ET. The world's biggest beverage maker is planning the listing for this summer. "Coca-Cola's plans for listing HCCB, valuing the company at close to $10 billion, are on track for this year," said one of the executives cited above.
"The listing will only be postponed to next year in case the peak summer demand is particularly impacted by rains, similar to last year." With a realigned leadership team in place, we remain focused on driving operational excellence," an HCCB spokesperson said in response to ET 's query, without making any specific references to the proposed IPO.
The Coca-Cola Company is the world's leader in the production and marketing of non-alcoholic beverages. Net sales break down by activity as follows:
- sale of beverage concentrates and syrups (58.9%);
- bottling and sale of beverages (41.1%): sparkling soft drinks (Coca-Cola, Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite and Thums Up brands) water, sports drinks, coffee and tea (Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, do?adan, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater,
Gold Peak, I LOHAS, Powerade, and Topo Chico), juices, dairy and plant-based beverages (Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, and Simply).
At the end of 2024, the group had 112 production sites worldwide.
61% of net sales are abroad.
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