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| (L-R) Mr. Kelvin Balogun, President, Coca-Cola Central East & West Africa; Mr. Cornelis Vink, Chairman, TGI Group; Mr. Adeola Adetunji, Managing Director, Coca-Cola Nigeria; Mr. Nathan Kalumbu, Group President, Coca-Cola Eurasia & Africa Group; and Mr. Rahul Savara, CEO, TGI Group at the announcement of Coca-Cola’s investment in Chi Limited held in Lagos recently. |
The Coca-Cola Company (NYSE: KO) and Tropical General Investments Group (TGI Group) – the holding company of Chi Ltd, Nigeria’s leading dairy and juice company – announced a binding agreement for The Coca-Cola Company to acquire an initial minority equity shareholding in Chi Ltd.
The agreement creates a strategic relationship between two beverage industry leaders within Africa’s largest economy that together serve Nigeria’s most popular sparkling soft drinks, juices, value-added dairy and water beverage brands.
Kindly see more pictures below:
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| (L-R) Mr. Kelvin Balogun, President, Coca-Cola Central East & West Africa; Mr. Cornelis Vink, Chairman, TGI Group; Mr. Adeola Adetunji, Managing Director, Coca-Cola Nigeria and Mr. Nathan Kalumbu, Group President, Coca-Cola Eurasia & Africa Group at the announcement of Coca-Cola’s minority investment in Chi Limited held in Lagos over the weekend |
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| (L-R) Mr. Cornelis Vink, Chairman, TGI Group and Mr. Nathan Kalumbu, Group President, Coca-Cola Eurasia & Africa Group signing the investment agreement for The Coca-Cola Company to acquire 40% minority equity interest in Chi Limited. |
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| (L-R) Mr. Kelvin Balogun, President, Coca-Cola Central East & West Africa; Mr. Andriy Avramenko, M&A Director, The Coca-Cola Company; Ms Matrona Filippou, General Manager (Stills), Coca-Cola Central East & West Africa; Mr. Bjorn Ivar Ulgenes, Finance Director, Coca-Cola Central East & West Africa; and Mr. Adeola Adetunji, Managing Director, Coca-Cola Nigeria during a visit to Chi offices shortly before the announcement of Coca-Cola’s minority investment in Chi Ltd. |
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| (L-R) Mr. Nathan Kalumbu, Group President, Coca-Cola Eurasia & Africa Group; Mr. Cornelis Vink, Chairman, TGI Group; and Mr. Kelvin Balogun, President, Coca-Cola Central East & West Africa at Chi offices in Lagos shortly before the announcement of Coca-Cola’s minority investment in Chi Ltd. |
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