Coca-Cola's bottling arm to revive plans to sell its business: Report

HCCB will sell Coca Cola's 16 factory units and it might take 12 months to conclude the deal

The bottling arm of Coca-Cola, Hindustan Coca-Cola Beverages (HCCB), is reportedly reviving plans to sell its business. This comes as the valuation of the company is up again in the post-pandemic recovery. The operations could be split among several bottlers or go to a single company, according to The Economic Times.

The company began the process to sell the unit in 2019.

"Coca-Cola had begun the divestment process in end-2019, by selling off its bottling units in the north, which accounted for 10 per cent of its bottling operations. But plans to sell the remaining business were halted