On 30th January, 2019, The Coca-Cola Company, the world’s largest beverage company, completed its acquisition of a 100% stake in C.H.I. Limited, one of Nigeria’s foremost fruit juice and drinks manufacturers. The transaction was structured as an initial acquisition of 40% in 2016 and a subsequent acquisition of the remaining 60% of the issued share capital.
ǼLEX acted as Nigerian Legal Counsel to The Coca-Cola Company, in connection with its successful acquisition. The ǼLEX team was led by Mr. Theophilus Emuwa (Managing Partner) and Mr. Chinyerugo Ugoji (Partner), with support from Mrs. Tiwalola Osazuwa (Senior Associate), Mrs. Damilola Ogedengbe (Associate) and other Associates of the firm.
Read more on the transaction here