Coca-Cola bottler CCEP looks to buy Coke's Philippines business for $1.8b

Coca-Cola bottler CCEP looks to buy Coke's Philippines business for $1.8b

FILE PHOTO: A detail of a can of Coca-Cola is seen in London, Britain March 16, 2016. REUTERS/Stefan Wermuth/File Photo

Coca-Cola Europacific Partners said on Wednesday it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures (AEV) for $1.8 billion, in an effort to become the world’s largest Coca-Cola bottler by revenue and volumes.