Coca-Cola Europacific Partners (CCEP) confirmed it has, together with Aboitiz Equity Ventures Inc. (AEV), received regulatory approval from the Philippines Competition Commission (PCC) to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). Further to the announcements on 2 August and 20 November 2023, CCEP on January 30, 2024, announced it has, together with AEV, received regulatory approval from the PCC, to acquire 100% of CCBPI from KO. The transaction is expected to close towards the end of February 2024.