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SABMiller, Coke agree concessions with South Africa over bottling merger

Reuters - UK Focus

JOHANNESBURG, May 4 (Reuters) - SABMiller (Xetra: BRW1.DE - news) and Coca-Cola will invest 800 million rand ($54 million) to support small South African businesses as part of concessions agreed with the government to win approval for a deal to combine their soft-drink operations, the companies said Wednesday.

SABMiller and Coca-Cola agreed in November 2014 to team up to create the continent's largest soft drinks bottler, a group with annual sales of $2.9 billion and ambitions to corner the fast-growing market on the continent. ($1 = 14.6759 rand) (Reporting by Tiisetso Motsoeneng; Editing by Ed Cropley)