ABI Pays Down Debt with Africa Coke Sale

Dear Client:The Coca-Cola Company has agreed to purchase Anheuser-Busch InBev's majority stake in Africa's largest coke bottler, Coca-Cola Beverages Africa (CCBA), reports Reuters.Coke will buy the 54.5% stake formerly owned by SABMiller for $3.15 billion.ANOTHER DEAL GOING DOWN TOO. The two companies also announced that they've reached a deal for Coke to acquire "other African territories not covered by CCBA… as well as bottling operations in El Salvador and Honduras," per report.Coke and ABI have yet to disclose a price