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Investing.com -- Coca-Cola Co. is exploring plans to take its Indian bottling unit public in a potential $1 billion initial public offering, Bloomberg reported on Friday, citing sources familiar with the discussions.
The beverage giant has held preliminary meetings with bankers in recent weeks to discuss listing Hindustan Coca-Cola Beverages Pvt. on public markets. The IPO would value the Indian unit at approximately $10 billion, the report said.
The company is still in early stages of consideration and has not yet hired bankers to formally manage the potential offering, the report said, adding that If Coca-Cola moves forward with the plan, the IPO would likely take place sometime in 2026.
Hindustan Coca-Cola Beverages serves as the Atlanta-based company’s bottling operation in India, one of the world’s fastest-growing beverage markets.
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