Closing the financial gap: Coca-Cola, DTI, SBCorp, MFIs offer loans for micro-retailers
Coca-Cola, et. al., are promoting economic resilience in the times of pandemic through the ReSTART Program for sari-sari stores and carinderias......»»
$1.8-billion Aboitiz, Coke deal still under PCC review
The Philippine Competition Commission or PCC is monitoring the recently reported intention of Aboitiz Equity Ventures Inc. or AEV to acquire minority stakes in Coca-Cola Beverages Philippines or CCBP under a $1.8-billion cash joint venture deal with Coca-Cola Europacific Partners or CCEP. In an email on Friday, the competition watchdog said it is still determining if the parties involved have properly met the required threshold for their transaction. As of the end of the first quarter, all mergers and acquisitions that breach a P7-billion size of party and P2.9-billion size of transaction should be reviewed by the PCC. The PCC’s merger review thresholds are adjusted annually relative to the size of the economy. While this is ongoing, the PCC likewise noted that it may also ask its Mergers and Acquisitions Office or MAO to conduct an initial assessment if the effects of the transaction warrant a motu proprio review. “This review will determine if the transaction may result in a substantial lessening of competition in the relevant markets,” it said. The PCC’s MAO provides pre-notification consultations for parties contemplating a merger to address queries about the merger review process. During consultations, the parties may seek non-binding advice on the specific information needed for the notification. Early this month, AEV and CCEP signed a non-binding Term Sheet with The Coca-Cola Company, which is currently divesting its CCBP interests. The parties are now in advanced discussions regarding the potential joint transaction, where CCEP would be the majority owner with a 60 percent stake. AEV, on the other hand, would take up the remaining 40 percent non-controlling interest. The AEV, however, clarified that since the buyout is still subject to several conditions, the transaction has no guarantee that it would proceed until closing. These conditions include satisfactory completion of confirmatory due diligence which is well underway, receipt of AEV and CCEP’s board approvals, and the parties signing the definitive agreements. However, assuming that the plan pushes through, AEV expects that the deal could be closed by the end of the year, subject to the approval of the Philippine Competition Commission. CCEP is a global consumer goods company serving 600 million consumers and helping 1.75 million customers across 29 countries grow their businesses. On the other hand, the AEV of the Aboitiz family has major investments in power, banking and financial services, food, infrastructure, land, and data science and artificial intelligence. In the first half of the year, AEV reported an 11 percent decline in its net income. It only booked a bottom line profit of P10.5 billion during the period, from last year’s P11.8 billion. The post $1.8-billion Aboitiz, Coke deal still under PCC review appeared first on Daily Tribune......»»
AEV eyes Coke under $1.8-B deal
Aboitiz Equity Ventures Inc., or AEV, the investment arm of the Aboitiz Group, signified its intention to acquire minority stakes in Coca-Cola Beverages Philippines or CCBP under a $1.8-billion cash joint venture deal with Coca-Cola Europacific Partners or CCEP. In Philippine Stock Exchange report on Wednesday, AEV and CCEP have signed a non-binding Term Sheet with The Coca-Cola Company, which is currently divesting its CCBP interests. The parties are now in advanced discussions regarding the potential joint transaction, where CCEP would be the majority owner with a 60 percent stake. AEV, on the other hand, would take up the remaining 40 percent non-controlling interest. Still iffy The AEV, however, clarified that since the buyout is still subject to several conditions, the transaction has no guarantee that it would proceed until closing. These conditions include satisfactory completion of confirmatory due diligence which is well underway, receipt of AEV and CCEP’s board approvals, and the parties signing the definitive agreements. However, assuming that the plan pushes through, AEV expects that the deal could be closed by the end of the year, subject to the approval of the Philippine Competition Commission. CCEP is a global consumer goods company serving 600 million consumers and helping 1.75 million customers across 29 countries grow their businesses. On the other hand, the AEV of the Aboitiz family has major investments in power, banking and financial services, food, infrastructure, land, and data science and artificial intelligence. The post AEV eyes Coke under $1.8-B deal appeared first on Daily Tribune......»»
Closing the financial gap: Coca-Cola, DTI, SBCorp, MFIs offer loans for micro-retailers
Coca-Cola, et. al., are promoting economic resilience in the times of pandemic through the ReSTART Program for sari-sari stores and carinderias......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Coca-Cola to invest US$1B more in PH
Coca-Cola to invest US$1B more in PH.....»»
EPR Initiatives: the case of Coca Cola
EPR Initiatives: the case of Coca Cola.....»»
Coca-Cola pouring in $1 billion for 5-year Philippine expansion plan
Global beverage giant The Coca-Cola Co. is pouring in $1 billion in the Philippines over a five-year period to expand its operations......»»
Coca-Cola to invest add l $1B in PH
Coca-Cola to invest add l $1B in PH.....»»
Aboitiz Equity Ventures closed transaction to acquire 40% interest in Coca-Cola PH
The takeover of Coca-Cola Beverages Philippines Inc. by Aboitiz Equity Ventures and Coca-Cola Europacific Partners has closed upon completion of “all conditions precedent” to the transaction......»»
Aboitiz completes acquisition of Coca-Cola Philippines
The Aboitiz Group’s entry into the branded consumer goods space is ready to commence with its successful acquisition of Coca-Cola Beverages Philippines Inc......»»
Aboitiz, CCEP complete Coca-Cola Beverages Philippines Inc. acquisition
Aboitiz, CCEP complete Coca-Cola Beverages Philippines Inc. acquisition.....»»
Catriona, Julie Anne rarampa sa BGC, may sorpresa sa fans
KAABANG-ABANG ang dalawang bigating celebrities na sina Miss Universe 2018 Catriona Gray at Kapuso star Julie Anne San Jose. Magkakaroon kasi sila ng surprise performance sa Bonifacio High Street Activity Center sa darating na January 27. Para ito sa inilunsad na bagong gimik ng sikat na beverage company na Coca-Cola Philippines –ang #CokeZeroExcuses Promo. Noong.....»»
Coca-Cola PH ramps up plastic bottle recycling efforts
Coca-Cola PH ramps up plastic bottle recycling efforts.....»»
Coca-Cola Beverages Philippines, Inc. and Shell Pilipinas Corporation strengthen partnership for a World Without Waste
Coca-Cola Beverages, Philippines Inc. (CCBPI)—the bottling arm of Coca-Cola in the Philippines—and Shell Pilipinas Corporation further strengthen the collective campaign for a World Without Waste by expanding its number of Shell Select stations as collection points in Manila and Davao. Under CCBPI’s Tapon to Ipon: Basta Klaro, Panalo program, clear PET plastic bottles of any.....»»
Aboitiz, partner agree to buy Coca-Cola PH for $1.8 billion
Aboitiz, partner agree to buy Coca-Cola PH for $1.8 billion.....»»
Aboitiz Group set to acquire CCBPI early next year
Cebu-based conglomerate Aboitiz Group has moved a step closer to acquiring Coca-Cola Beverages Philippines Inc......»»
Coca-Cola empowers Filipinos in water-stressed areas
Coca-Cola empowers Filipinos in water-stressed areas.....»»
True Filipino fiesta and music
Coca-Cola Philippines recently brought together thousands of Filipinos at their historic and grandest event yet — the #CokeKAINation. The Mall of Asia’s open spaces were transformed into a sizable picnic area, complete with hundreds of picnic tables bedecked with assorted Pinoy delicacies. There were endless glasses of ice-cold Coca-Cola for everyone to enjoy — a true Pinoy feast. More than 3,000 food lovers and fun-loving individuals came for the salu-salo, exchanging stories and making memories. Rising P-pop girl group BINI and performers Darren Espanto and Sam Concepcion graced the occasion with electrifying performances. Small Laude and Ninong Ry, two renowned influencers who are big lovers of salu-salos and Coke, were also present. The celebration marked Coca-Cola’s 111 years of being a staple of every Filipino family’s lunch. No matter how little the moment, Coca-Cola reaffirmed its commitment to making mealtimes magical for all Filipinos at this salu-salo. “The love for food and experiences is something that’s always been strongly present in Filipinos, especially in today’s youth. At Coca-Cola, we understand that many of our Gen Z Pinoys wish to share these moments with other people. And with #CokeKAINation, we combine all their different interests into one immersive experience full of food, music and amazing activities — like the classic Pinoy fiesta we all love,” said Adrian Manlapig, Coca-Cola Philippines marketing manager. The #CokeKAINation is part of the “Coke is Cooking” meals experience platform that the beverage company is introducing to the world. The #CokeKAINation, the first global meals platform, uses the various consumer passion points, including food, music and entertainment, to connect and engage with their consumers on a deeper level. It aims to celebrate the rich food culture and improve people’s dining experiences in various parts of the world. From restaurants to food stalls, Coca-Cola has surely unlocked the magic behind enjoying any kind of meal — and that is by pairing it with an ice-cold, thirst-quenching drink and in the company of friends and family. Coca-Cola Philippines looks forward to sharing more magical meal moments with Filipinos for many more years to come. The post True Filipino fiesta and music appeared first on Daily Tribune......»»
Coca-Cola Philippines launches new recycled PET plastic bottles along with consumer engagement initiative
Coca-Cola Philippines is taking another step toward a circular economy for plastic packaging by introducing more bottles made from 100% recycled PET plastic (rPET), excluding caps and labels......»»
Aboitiz chief tracks techglomerate journey
Aboitiz Group president and CEO Sabin Aboitiz brought a wealth of knowledge and transformative leadership insights to the esteemed 21st Forbes Global CEO Conference in Singapore on 11 September. The conference, themed “Sea Change,” provided a platform for Aboitiz to share his vision and expertise as he spearheads the Aboitiz Group’s journey toward becoming the maiden techglomerate in the country. The Forbes Global CEO Conference is an annual gathering of influential leaders and visionaries who engage in insightful discussions and brainstorming sessions about the global economic landscape. Approximately 500 distinguished CEOs, thought leaders, entrepreneurs and investors attended this year’s conference to navigate the ever-evolving waves of economic transformation. Aboitiz, standing alongside notable leaders in Asia, participated in a thought-provoking panel entitled “Captains Courageous,” which explored the themes of courage and leadership. Distinguished peers His fellow panelists included Binod K. Chaudhary, chairman of CG Corp Global; Mike Federle, CEO of Forbes Media; Nuno Matos, CEO of Wealth and Personal Banking at HSBC; and Arsjad Rasjid, president director of Indika Energy and chairman of the Indonesian Chamber of Commerce and Industry. The panel conversation delved into the intricacies of courage and leadership, offering profound insights into the mindset of successful CEOs and the principles that have shaped their illustrious careers. Forbes assistant managing editor Diane Brady posed thought-provoking questions encouraging panelists to share their most courageous decisions, reflect on moments when their courage faltered, and acknowledge the influential leaders who have guided their paths. Drawing upon his extensive and exemplary leadership experience across various roles and companies within the Aboitiz Group, Aboitiz imparted invaluable wisdom on the concept of courage. He emphasized that courage takes on different meanings depending on individual circumstances and available options. “Courage means different things to different people depending on who they are or what situation they’re in,” Aboitiz stated. “Just like being generous means different things to different people. Courage is what you’re willing to give up, depending on the situation you’re in. If you’ve got lots of options, then frankly, you’re not that courageous. If you have no options, the more you have to lose, the more courageous you are,” he added. Following his engaging participation in the high-profile conference, Aboitiz was interviewed by CNBC Asia where he provided insights on how the Aboitiz Group is embarking on its Great Transformation journey. There was also huge interest in the recent partnership of Aboitiz Equity Ventures Inc. with Coca-Cola Europacific Partners PLC to acquire Coca-Cola Beverages Philippines Inc. for $1.8 billion. It will be a joint venture where CCEP would be the majority owner at 60 percent while AEV will own 40 percent. This is in line with the direction to diversify a bit more into retail. “This goes back to our strategy to move a little out of one industry which is power and diversify a little bit into retail. Coca-Cola is the best brand in the world, so we thought that it would be the best way to move into the beverage and into more retail direction to be able to balance our portfolio,” Aboitiz explained. As the lead convenor of the Private Sector Advisory Council, Aboitiz also highlighted the importance of the private sector’s involvement especially in digitizing government services which President Ferdinand “Bongbong” Marcos Jr. had been advocating. The post Aboitiz chief tracks techglomerate journey appeared first on Daily Tribune......»»