By Chris Wack

Coca-Cola Co. said Tuesday it is delaying plans to list Coca-Cola Beverages Africa as a publicly traded company until 2023.

In April 2021, Coca-Cola first disclosed its intention to sell a portion of its shareholding in CCBA via an initial public offering.

The company said it will continue to evaluate macroeconomic conditions in deciding future timing for an IPO in 2023. Plans to have an Africa-focused bottler traded as an independent public company remain unchanged.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

June 14, 2022 10:09 ET (14:09 GMT)

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