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Coca-Cola completes acquisition of Chi Ltd

PUBLISHED: Fri, 01 Feb 2019 08:00:01 GMT

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Global carbonated soft drink manufacturer Coca-Cola has extended its minority investment in Nigeria’s Chi Limited into full ownership. The Coca-Cola Company says this acquisition further signals the company’s optimism in Africa’s consumer opportunity. CNBC Africa’s Kenneth Igbomor discussed the acquisition with Peter Njonjo, President of Coca-Cola West Africa Business Unit.