Coca-Cola Buys Stake in Coca-Cola Africa From AB InBev

Anheuser-Busch InBev SA has sold its controlling stake in Coca-Cola Africa to Coca-Cola for just over $3 billion.
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Anheuser-Busch InBev (BUD) - Get Report has sold its controlling stake in Coca-Cola Africa to Coca-Cola (KO) - Get Report for just over $3 billion. The beer maker is trying to sell assets amid its mega-takeover of SABMiller, which formerly owned the stake in Coca-Cola Africa. Earlier this month, AB InBev sold its Eastern European beer brands to Japan-based Asahi (ASBRY) for $7.8 billion. Coca-Cola and AB InBev shares moved slightly higher on Wednesday following news of the deal.