Coca Cola Hellenic to invest $1bln in the Egyptian market over five years

This plan came after the acquisition of the Swiss-based soft drinks bottler of Coca Cola Egypt

  
Workers walk past a Coca Cola logo painted on a gate at a Coca Cola factory in Nairobi, Kenya, June 7, 2018. Image used for illustrative purpose.

Workers walk past a Coca Cola logo painted on a gate at a Coca Cola factory in Nairobi, Kenya, June 7, 2018. Image used for illustrative purpose.

REUTERS/Baz Ratner

Coca Cola Hellenic Bottling Co. plans to pump investments worth $1 billion into the Egyptian market over the next five years.

This plan came after the acquisition of the Swiss-based soft drinks bottler of Coca Cola Egypt, a statement from the Egyptian Cabinet said on Nov. 24.

Prime Minister Mostafa Madbouli said the acquisition deal could be a positive step for Coca-Cola Hellenic in the Egyptian market.

The investment will include building factories and adding production lines. CEO of Coca Cola Egypt, Ahmed Afify, was qouted as saying in the statement.

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