MANILA, Philippines — The Aboitiz Group’s entry into the branded consumer goods space is ready to commence with its successful acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI).
In a stock exchange filing, Aboitiz Equity Ventures Inc. (AEV) said the parties have closed the transaction following the completion of all the conditions precedent to the acquisition.
These conditions include the receipt of approval from the Philippine Competition Commission; that no governmental entity of competent authority issued an order or enacted a law that makes the transaction îllégâl or prohibits the consummation of the transaction; the fulfillment of the warranties and covenants of the sellers and the buyers; that no material adverse...