Coca-Cola agreed the deal in August

Coca-Cola agreed the deal in August

The Coca-Cola Co has said it expects to complete its stake purchase in Monster Beverage Corp stake in March.

The soft drinks maker, which agreed in August to pay US$2.15bn for a 16.7% stake in the energy drinks company, said yesterday the transaction should close “at the end of the first quarter”. The deal was previously expected to close late this year or early next year.

Speaking to analysts on a call yesterday, Coca-Cola CFO Kathy Waller announced the new time line, but gave few further details on the new partnership.

Asked what assumptions Coca-Cola has of Monster, Waller said: “I can’t talk about the assumptions that we made about the Monster business. That would be disclosing information about another public company.”

Under the terms of the deal, Coca-Cola will transfer its energy portfolio, including NOS, Full Throttle, Burn, Mother, Power Play and Relentless, to Monster. Coca-Cola will take on Monster's non-energy brands such as Hansen’s Natural Sodas, Peace Tea and Hubert’s Lemonade. 

Coca-Cola yesterday was forced to defend its CEO Muhtar Kent after an investor called for his replacement. David Winters alleged that Muhtar Kent had wasted billions of dollars on “failed” acquisitions.