Acquisitions25 Feb 2025, 09:39 pm
Varun Beverages Extends Acquisition Completion Date of SBC Beverages Ghana Limited
AI Summary
Varun Beverages Ltd has updated the completion date for the acquisition of 100% share capital of SBC Beverages Ghana Limited. The Share Purchase Agreement was initially between Varun Beverages and Ghana Bottling Company Limited, to acquire the share capital at an Equity value of US$ 15.06 Million (INR 1,271 Million). The completion date has been extended from February 28, 2025, to March 31, 2025. This extension is subject to regulatory and other approvals, including PepsiCo Inc.
Key Highlights
- Varun Beverages extends the completion date for the acquisition of SBC Beverages Ghana Limited.
- The initial Share Purchase Agreement was between Varun Beverages and Ghana Bottling Company Limited.
- The acquisition is for 100% share capital of SBC Beverages Ghana Limited at an Equity value of US$ 15.06 Million (INR 1,271 Million).
- The completion date has been extended from February 28, 2025, to March 31, 2025.
- The extension is subject to regulatory and other approvals, including PepsiCo Inc.