AFRICA: Coke Sabco granted opportunity for African expansion
By Richard Hurst | 4 October 2001
The Kenyan finance Minister Chris Okemo has granted competition approval for Coca Cola Sabco, of South Africa, to increase its dominance of the east African country's soft drinks market. Sabco is now likely to try and increase its stake in Nairobi Bottlers, which has 52% of the market, and acquire opposition East African Bottlers, which has a market share of roughly 2%.
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The Kenyan finance Minister Chris Okemo has granted competition approval for Coca Cola Sabco, of South Africa, to increase its dominance of the east African country's soft drinks market. Sabco is now likely to try and increase its stake in Nairobi Bottlers, which has 52% of the market, and acquire opposition East African Bottlers, which has a market share of roughly 2%.
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