Varun Beverages Limited (VBL) has provided an update regarding its proposed acquisitions of SBC Beverages Ghana Limited and SBC Tanzania Limited, indicating that the long stop date for both deals has approached, while certain conditions precedent remain incomplete.
As per the company’s previous disclosures dated November 12, 2024, and February 25, 2025, VBL had entered into two separate Share Purchase Agreements:
-
With Ghana Bottling Company Limited to acquire 100% equity in SBC Beverages Ghana Limited.
-
With Tanzania Bottling Company SA to acquire 100% equity in SBC Tanzania Limited.
Both transactions are subject to regulatory and other approvals, including clearances from PepsiCo Inc. However, VBL has now confirmed that while the long stop date for these agreements has passed, no formal extension has been signed as of March 31, 2025.
Official Statement:
“We will inform you immediately of any further developments as and when they occur,” the company stated in its filing to NSE and BSE.
The development places both cross-border deals in a temporary holding pattern, as the company awaits regulatory progress and other formalities to be completed.
Disclaimer: This article is based on official filings made by Varun Beverages to stock exchanges. It is intended for informational purposes only and should not be construed as investment advice. Investors should consult financial advisors before making any decisions.