UUBO is delighted to have advised The Coca-Cola Company (“Coca-Cola”) on the sale of its 100% equity interest in C.H.I. Limited (“CHI”) to UAC of Nigeria PLC, one of Nigeria’s leading consumer goods companies.
CHI is a household name in Nigeria and a recognised leader in the food and beverage industry. Its flagship brands, Chivita and Hollandia, hold dominant positions in the fruit juice and value-added dairy markets, respectively.
The transaction aligns with Coca-Cola’s global strategy to streamline operations, scale its brand portfolio, and sharpen focus on core offerings, while continuing to invest in markets with strong long-term growth prospects such as Nigeria.
The UUBO team was led by our Corporate Advisory and M&A Partner, Ozofu 'Latunde Ogiemudia, with key support from Tobechi Nwokocha, Aanuoluwapo Odunaike, Tolulope Egbochue, Praise Darego, and Adaobi Omosefe Uzo. Specialist support was provided by Banking Partner, Onyinye Okafor and senior associates, Abolanle Ayoola and Victoria Amarachi Agomuo.
We are proud to have supported Coca-Cola on this significant transaction and to have contributed to the continued evolution of Nigeria’s consumer goods sector.
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